Dhaka, May 20 -- Bangladesh Bank has streamlined the process for sending fees for internationally recognised professional courses abroad.

From now on, separate central bank approval will not be required for such payments. Commercial banks can directly complete these transactions.

The Foreign Exchange Policy Department of Bangladesh Bank issued a directive to this effect on Tuesday.

The central bank announced that the new directive will allow fees for various international professional courses, including CFA, CAMS, CIMA, ACCA, and CII, to be sent directly through commercial banks.

However, students will be required to submit the demand note or invoice related to the course fee, a self-declared declaration, and the institution's fee not...