FEPD Circular No. 27: External financing for imports orderly repayment

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd F.E. Circular No. 27 Date: July 01, 2014 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, External financing (buyer’s/supplier’s credit) for imports: orderly repayment Attention of the Authorized Dealers is invited to FE Circular No. 22, dated June 01, 2014 in terms of which bullet repayment terms against external import financing for eligible deferred payment imports are admissible only on financing for terms not exceeding six months, and only on shipments not exceeding USD 500,000 or equivalent in value. In partial amendment to second paragraph, it has now been decided to enhance the limit of bullet repayment from USD 500,000 to USD 1,000,000. Hence, bullet repayment terms will be inadmissible for financing exceeding USD 1,000,000 or equivalent in value or for terms exceeding six months.

Other instructions of FE Circular No. 22, dated June 01, 2014 shall remain unchanged. Please inform all your concerned constituents accordingly. Yours faithfully, (Md. Zakir Hossain Chowdhury) Deputy General Manager Phone: 9530250