Cenbank lifts ban on banks’ foreign training fee payments
Decision comes as dollar situation improves
The Bangladesh Bank has allowed banks and non-bank financial institutions (NBFIs) to freely use their dollar funds for employee registration and participation in overseas training, seminars, and workshops.
The central bank's Foreign Exchange Policy Department issued a circular on the matter last week, lifting restrictions that had been in place since May 2022.
A senior Bangladesh Bank official said the restrictions were initially imposed as the country faced a worsening dollar crisis. At the time, financial institutions were barred from sending fees for overseas training programmes, and their employees were restricted from travelling abroad for such purposes.
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However, with an improvement in the dollar situation, the central bank eased travel restrictions for bankers and financial institution employees in January this year, allowing them to attend foreign training programmes, said the official.
"In that continuation, now the restrictions on payment of registration and participation fees for these training, seminars, workshops have been lifted in the institutions," added the official.
