Regulatory Alerts2020-07-29
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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.
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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