Dhaka, Aug. 31 -- The Bangladesh Bank has eased the payment of bills for foreign internet bandwidth services by no longer requiring central bank approval for each transaction.

Under new guidelines, banks can now directly remit payments to foreign providers, subject to specific conditions.

Previously, banks had to seek the central bank's approval before sending money abroad for internet bandwidth. The new circular issued on Sunday by the Foreign Exchange Policy Department of Bangladesh Bank allows banks to handle these transactions on their own, provided they verify all required documentation.

Banks are required to maintain all transaction-related documents and must present them for inspection by the Bangladesh Bank upon request. The ne...