Regulatory Alerts2026-08-10
Added · Updated
FEPD-1 Circular No. 29: Release of foreign exchange for study abroad through international cards
Authorized Dealers in Bangladesh may issue or allow the use of designated international debit, prepaid, or credit cards to release foreign exchange for overseas education-related payments, including tuition and fees. These transactions are treated separately from travel quotas and must be limited to the required amount loaded on the card, used exclusively for education purposes, and completed within a validity period determined by the Authorized Dealer. Authorized Dealers must ensure compliance with KYC and AML/CFT regulations, maintain proper records, and report all transactions to Bangladesh Bank through the TM Module using appropriate purpose codes.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.