Bangladesh Bank simplifies overseas money transfer for language courses
Staff Correspondent
The Bangladesh Bank has simplified the process to send money for students studying in language education courses abroad.
The Foreign Exchange Policy Department of the central bank issued a directive with immediate effect on Thursday.
The students enrolling in language programmes will no longer require prior approval from the Bangladesh Bank to remit foreign education fees.
According to the Bangladesh Bank, students admitted to recognised foreign institutions for language courses can now directly send the necessary funds through authorised banks by presenting the required documents.
Previously, this facility was limited to Bachelor's or higher degree programmes, but now language education has been brought under the same framework.
Experts believe this decision will strengthen Bangladesh's position in the international labour market. Language proficiency offers easier access to jobs and higher education opportunities in countries like Japan, South Korea, and some European nations. This new policy is expected to reduce reliance on recruiting agencies and open up direct avenues for studying abroad.
