Regulatory Alerts2018-10-15
Added · Updated
FEPD Circular No. 28: Repayment of External Borrowings by Public and Private Sector entities
Authorized Dealers in Foreign Exchange in Bangladesh are permitted to process repayment installments of interest and principal for external loans approved by the Standing Committee on Non-Concessional Loan (SCNCL) and Bangladesh Bank without prior reference to the central bank. Remittances for charges related to these term loans are also allowed, provided they fall within effective interest rates or approved loan agreements. Authorized Dealers must ensure applicable taxes are deducted and paid, and must report SCNCL-approved external loans using the format in Appendix 5/93 on a quarterly basis.
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