Regulatory Alerts2015-12-23
Added · Updated
Enhancement of Export Development Fund limit for BTMA mills
The maximum loan amount that Authorized Dealers may borrow from the Export Development Fund (EDF) against foreign currency financing to member mills of the Bangladesh Textile Mills Association (BTMA) is increased from USD 15.00 million to USD 20.00 million. This adjustment applies to BTMA mills and does not alter other instructions contained in FE Circular No. 25 dated December 22, 2009, or its subsequent circulars.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 22 Date: 23 December, 2015 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Enhancement of Export Development Fund (EDF) limit for BTMA mills. Please refer to paragraph 5(b) of FE Circular No. 25, dated December 22, 2009 read with FE Circular No. 26, dated June 24, 2014 in terms of which an Authorized Dealer may borrow maximum USD 15.00 million loan from EDF against their foreign currency financing to a member mill of BTMA. 02. It has now been decided to enhance the existing limit of USD 15.00 million to USD 20.00 million for BTMA mills. Other instructions contained in FE Circular No. 25, dated December 22, 2009 and its subsequent circulars shall remain unchanged. Yours faithfully, (Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092
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