Regulatory Alerts2019-05-20
Added · Updated
FE Circular No. 23: Extending interest free Taka working capital loan to foreign owned/controlled companies
General approval is granted to companies resident in Bangladesh for extending interest-free Taka working capital loans to foreign-owned or controlled companies operating in Bangladesh. This directive serves as a general waiver from Section 18(2) of the FER Act, 1947, building upon previous provisions in the Guidelines for Foreign Exchange Transactions-2018. The instructions are effective immediately and apply to all authorized dealers in foreign exchange in Bangladesh.
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