Bangladeshi students and professionals can now send money in US dollars to foreign institutions through banks to pay for educational or professional examinations and certifications. This new rule has been introduced by the Foreign Exchange Policy Department (FEPD) of Bangladesh Bank on 20 May 2025.
Aim of the New Facility
According to the circular issued by the central bank, this decision was taken to support the development of professional skills in Bangladesh. Many students and professionals need to appear in international exams or certification programs, and now they can do so more easily.
No Need for Central Bank Approval
One of the biggest advantages of this new rule is that people do not need to get special approval from Bangladesh Bank anymore to send money for these purposes. The banks can now handle the entire process directly.
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Who Can Benefit?
Any student or professional in Bangladesh who wants to take part in international exams like:
- Chartered Financial Analyst (CFA)
- Certified Equity Market Analyst (CEMA)
- Association of Chartered Certified Accountants (ACCA)
- Or any similar exams and certification courses
can now pay the fees directly to the foreign institution using a bank in Bangladesh.
Guidelines for Money Transfers
The circular mentions the following crucial conditions:
- The foreign institution’s name must be used for the remittance (money transfer).
- Prior to transferring the funds, applicable taxes will be subtracted.
- You can only pay for one online or long-distance correspondence course at a time.
- The money can be sent using international card channels.
Throughout the duration of the course, all foreign currency must be purchased through the same branch of the same bank.
Banks Will Keep Proper Records
Each bank that helps students or professionals with this facility must:
- Keep a separate file for every student or professional.
- Maintain all related documents properly.
- Be ready to show these documents to the inspection team of Bangladesh Bank at any time.
A Step Towards Easier Global Education Access
This new facility will make it easier for Bangladeshis to take part in global education and skill development. It removes unnecessary hassle and helps students and professionals stay competitive in the international job market.
Source: TBS
