Regulatory Alerts2022-07-14
Added
FEID Circular Letter No. 02: Placement of fund from Offshore Banking Operations to Domestic Banking Units
Offshore Banking Operations may place funds to their Domestic Banking Units for a tenure of six months with a limit not exceeding 25% of the bank's total regulatory capital. This placement is authorized to settle import payments for capital machinery, industrial raw materials, and government imports. The relaxation remains valid until December 31, 2022.
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