The central bank has made it easier for organizations in the information technology (IT) sector, including airlines, to remit money abroad. From now on, the domestic airlines companies can remit the rent or lease money of aircraft brought from different countries abroad without bank approval. Till now permission was needed to send these money.
On Thursday (October 17), three separate circulars have been issued by Bangladesh Bank's Foreign Exchange and Policy Department.
According to the instructions, from now local airlines will be able to remit the money for rent or lease of the aircraft brought from abroad through the bank without the approval of Bangladesh Bank.
At the same time various expenses of cloud services, IT infrastructure and software applications can be remitted abroad on behalf of the customer through the bank. Besides, the money will be remitted abroad for these services including software maintenance through the organizer of the local organization.
General permission has been given to expatriates to open bank accounts abroad and deposit the required amount as such for the purpose of going abroad for employment or migration. In this case, according to the demand of the foreign authorities, the necessary money can be deposited as a bank abroad. Bangladesh Bank's approval will not be required for this.
