Bangladesh Bank (BB) on Sunday asked banks to facilitate overseas payments related to webinar solution expenses.
The central bank issued a circular in this regard on the day, stating that the facility would be valid till March 31, 2021.
Regarding online meeting or webinar expenses, the central bank said that the office meeting of various sectors were held virtually through webinar solutions due to the ongoing Covid-19 pandemic.
To facilitate payments for availing webinar solution services, the Bangladesh Bank allowed sending money aboard for actual payments against relevant invoices of such services and supporting documents regarding payment of applicable taxes.
The banks were also allowed to issue virtual cards or one time card in the name of the nominated official of the applicant entities.
Due to the pandemic, holding webinar and virtual meetings have 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 the expenses, said an official of the Bangladesh Bank.
The newly issued circular would ease the process of sending money for those entities, he said.
