BB allows outward remittance for webinar solutions

Bangladesh Bank (BB) on Sunday asked banks to facilitate overseas payments relating to webinar solution expenses.
BB issued a circular in this regard stating that the facility would be valid till March 31 of the year 2021.

Regarding the online meeting or webinar expenses, the central bank said that the office meeting of government and corporate sectors are being held virtually through webinar solutions due to the on-going coronavirus pandemic situation.

To facilitate the payments for availing webinar solution services, the Bangladesh Bank on the day allowed sending money aboard for actual payments against relevant invoices of webinar solution services and supporting documents regarding payment of applicable taxes.

The banks were also allowed to issue virtual card or one time card in the name of the nominated official of the applicant entities.

Due to the outbreak of coronavirus, holding webinar and virtual meeting has become a regular phenomenon to carry out day-to-day activities.

As there was no clear instruction of the central bank in this regard, many of the entities were facing problem while sending money to meet up the expenses, said a official of the Bangladesh Bank.

The newly issued circular would smoothen the process of sending money for those entities, he said.