BB’s forex release rule relaxes for webinar solution services

Bangladesh Bank (BB) has relaxed its rules of foreign exchange release for holding official meetings of government and corporate sectors through webinar solution services considering the situation created due to Covid-19 pandemic.

“Due to ongoing Covid-19 pandemic situation, official meetings of government and corporate sectors are being held virtually through webinar solutions. To facilitate payment for availing webinar solution services, it has now been decided that authorized dealers (ADs) may effect remittances on account of actual payments against relevant invoices of webinar solution services and supporting documents regarding payment of applicable taxes or levies,” said a BB circular issued here today.

In case of requirement for online payments against such services, ADs may issue virtual card or one time card in the name of the nominated official of the applicant entities, the release added.