Regulatory Alerts2020-10-28
Added · Updated
FE Circular No. 47: Interest rate on borrowing from Export Development Fund (EDF)
The document reduces the interest rate on Export Development Fund (EDF) loans to 1.75 percent per annum for eligible borrowers for disbursements made until March 31, 2021. Authorized Dealers are required to pay Bangladesh Bank an interest rate of 0.75 percent per annum, while retaining the remaining 1.00 percent per annum as their interest income. This directive is effective immediately and applies to all Authorized Dealers in Foreign Exchange in Bangladesh.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
fx
Share