Regulatory Alerts2017-03-23
Added · Updated
Amendment to Taka Working Capital Loans for Foreign Owned/Controlled Companies
The circular amends paragraph 4(A), chapter 16 of the Guidelines for Foreign Exchange Transactions-2009, Vol-1 to allow resident persons and companies to purchase commercial paper issued by foreign owned or controlled companies in Bangladesh. This change expands the scope of Taka working capital loans by permitting resident entities to invest in such commercial paper under the regulatory framework established by BRPD Circular No. 07. The amendment applies to all Authorized Dealers in foreign exchange in Bangladesh.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share