Regulatory Alerts2020-04-12
Added · Updated
FEPD Circular No. 19: Refinancing for imports against usance back to back LCs
Authorized Dealers in Foreign Exchange in Bangladesh may extend the usance period for back-to-back letters of credit to 360 days or arrange refinancing at an indicative interest rate if extension is not available. To mitigate COVID-19 disruptions, Authorized Dealers can seek refinancing facilities from the Export Development Fund for up to 180 days, with interest rates applied as per FE Circular No. 18. These measures are effective until September 30, 2020.
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