Foreign Exchange Facility for Professional Distance Learning

To support the development of professional skills, authorized dealers (“ADs”) are permitted to process remittances for students enrolling in correspondence or distance certification courses offered by foreign professional or educational institutions, specifically for the purpose of sitting for professional examinations.

ADs must verify the following documents before processing such remittances:

• A completed Travel and Miscellaneous Form signed by the applicant, along with a declaration as mentioned in the circular.
• A demand note, invoice, examination fee notice, or similar documentation from the foreign institution.

Key Conditions:

• Remittances must be made directly to the foreign institution, with applicable taxes deducted as required.
• This facility is limited to one correspondence course at a time per applicant.
• For any subsequent remittance under the same course, a current progress report must be reviewed.
• ADs may also use card channels to execute remittances in line with FE Circular Letter No. 18 dated 4 May 2025.
• All foreign exchange transactions related to a course must be conducted through the same branch of the AD bank throughout the course period.
• ADs are required to maintain a separate file for each student containing all relevant documents, to be readily available for inspection by the Bangladesh Bank.