Rule · BB · 29 Jul 2020

FEPD Circular Letter No. 28: Working capital loans from abroad by foreign owned/controlled companies

The deadline for short-term working capital loans from abroad by foreign owned or controlled companies is extended to December 31, 2020. This extension applies to facilities previously authorized under FE Circular Letter No. 19 dated May 03, 2020. All other relevant instructions regarding these transactions remain unchanged.

BangladeshBangladesh Bank

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd

FE Circular Letter No. 28

Date: July 29, 2020

Head offices/principal offices of all
Authorized Dealers in Bangladesh

Dear Sirs,

Working capital loans from abroad by foreign owned/controlled companies.

Attention of Authorized Dealers is invited to FE Circular Letter No 19, dated May 03, 2020 regarding short term working capital loans by foreign owned/controlled companies from their parent companies/shareholders abroad.

Given the ongoing situation due to COVID-19 pandemic, it has now been decided to extend the facilities up to December 31, 2020. Other relevant instructions regarding the transactions shall remain unchanged.

Please bring the contents of this circular letter to the notice of your concerned clientele.

Yours faithfully,

(Mohammad Khurshid Wahab)
General Manager
Phone: 9530123

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Amends

FEPD Circular Letter No. 19: Working capital loans from abroad by foreign owned/controlled companies2020 · BB
“Working capital loans from abroad by foreign owned/controlled companies. Attention of Authorized Dealers is invited to FE Circular Letter No 19, dated May 03, 2020 regarding short term working capital lo”

Timeline

This document amends: FEPD Circular Letter No. 19: Working capital loans from abroad by foreign owned/controlled companies