Regulatory Alerts2018-12-27
Added · Updated
FEPD Circular Letter No. 18: Opening of LC to import consumer goods
Approved dealer banks are granted general authorization to establish letters of credit for importing consumer goods, provided they comply with existing foreign exchange transaction regulations. The directive instructs all branches of these banks to cooperate with importers in opening such letters of credit to ensure the uninterrupted supply of essential commodities in the local market.
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