Bangladeshi forex reserves causing “messy” student payment issues
Bangladeshi students wanting to study in major destinations are having issues paying their tuition fees due to dwindling forex reserves, sources have told The PIE.
Bangladeshi students wanting to study in major destinations are having issues paying their tuition fees due to dwindling forex reserves, sources have told The PIE.
Despite the ongoing unrest, forex payment issues and governmental upheaval, the appetite for study abroad is still very prevalent among Sri Lankan students, according to a leading agent in the country.
Nigeria’s central bank has begun selling a fresh supply of dollars for students to pay for school fee payments and travel abroad, increasing the amount they are allowed to buy and enabling them to avoid paying heavy premiums for the currency on the black market.
While the weaker British pound might make studying in the UK more attractive to some international students, the country's third most fruitful source market is still struggling with punishing exchange rates.
Nigerians hoping to buy pounds, US dollars and euros are facing processing times of up to three times as long as those before President Muhammadu Buhari banned forex sales for overseas study. Still, agencies in the country report demand for overseas study remains high.