Regulatory Alerts2020-10-06
Added · Updated
FEPD Circular No. 44: Refinancing for imports against usance back to back LCs
Authorized Dealers in Foreign Exchange in Bangladesh may continue to seek refinancing facilities from the Export Development Fund for settlement of back to back LCs established until September 30, 2020. These refinancing facilities remain valid for drawing up to March 31, 2021, provided the dealers verify bona fide grounds regarding the non-availability of usance period extensions or refinancing for extendable tenures. Operational formalities for the Export Development Fund remain unchanged.
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