Regulatory Alerts2022-07-19
Added
FE Circular No. 16: Extended limit from Export Development Fund (EDF)
The period for the enhanced Export Development Fund (EDF) limit of USD 30 million for individual member mills of BTMA and BGMEA is extended until December 31, 2022. This extension applies to the disbursement of EDF loans previously enhanced from USD 25 million under FE Circular No. 01 dated January 06, 2022. Authorized Dealers in Foreign Exchange in Bangladesh are required to bring these contents to the notice of their relevant customers.
Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd FE Circular No. 16 Date: July 19, 2022 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Extended limit from Export Development Fund (EDF) Please refer to paragraph 2(b) of FE Circular No. 01, dated January 06, 2022 in terms of which EDF limit for individual member mill of BTMA and BGMEA was enhanced to USD 30 million from USD 25 million for disbursement of EDF loans till June 30, 2022. It has been decided to extend the period of same facility till December 31, 2022. Please bring the contents of this circular to the notice of your relevant customers. Yours faithfully, (Md. Sarwar Hossain) Director (FEPD) Phone: 9530123