Regulatory Alerts2020-02-25
Added · Updated
Enhancement of loan limit from Export Development Fund
The maximum loan limit from the Export Development Fund for Authorized Dealers borrowing against foreign currency financing to manufacturer-exporters for input procurement is increased from USD 15.00 million to USD 20.00 million for member mills of BKMEA. This amendment applies to the provisions of FE Circular No. 45 dated 31 December 2017, while all other instructions within that circular remain unchanged. The revised limit is effective immediately.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 09 Date: 25 February 2020 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Enhancement of loan limit from Export Development Fund Please refer to paragraph 5(a) of FE Circular No. 45, dated 31 December 2017 in terms of which an Authorized Dealer may borrow maximum USD 15.00 million from EDF against their foreign currency financing to manufacturer-exporters for input procurement. 2. It has now been decided to enhance the limit of USD 15.00 million to USD 20.00 million for member mills of BKMEA. Other instructions contained in the said circular shall remain unchanged. Please bring the above instruction, effective immediately, to the notice of your constituents. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123
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