Regulatory Alerts2023-04-09
Added
Ceiling against borrowing from Export Development Fund (EDF)
Authorized Dealers in Foreign Exchange in Bangladesh must reset the borrowing ceiling from the Export Development Fund (EDF) to USD 10.00 million for input procurements under back to back LCs against relevant export orders, down from USD 15.00 million. The limit for imports under back to back LCs by individual member mills of BGMEA and BKMEA is set at USD 20.00 million and USD 15.00 million respectively, including USD 15.00 million for individual exporters of leather goods and footwear sectors. Maximum eligible limits for bulk imports by members of eligible associations are revised to USD 20.00 million for BTMA and USD 10.00 million for BDYEA. These instructions are effective immediately.
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