The Bangladesh Bank has issued a directive allowing foreign embassies and their authorized visa centers within the country to repatriate visa fees and service charges collected in local currency to their home countries without prior approval. Previously, embassies were required to seek specific permission from the central bank for each transfer. The new instruction, released on Monday, relaxes existing regulations, streamlining the financial process for diplomatic missions. This change applies not only to embassies directly but also to their authorized agencies and service providers. The move aims to simplify financial transactions and reduce bureaucratic hurdles for foreign missions operating in Bangladesh. Details regarding the implementation of this directive are expected to follow. This decision reflects a shift towards greater financial flexibility for embassies.
