ENHANCEMENT OF EXPORT DEVELOPMENT FUND (EDF). REF: FEPD CIRCULAR NO. 17 DATED 19.06.2016.

Please refer to paragraph 5(a) of FE Circular No. 25, dated December 22, 2009 read with FE Circular No. 13, dated October 10, 2013 and FE Circular No. 26, dated June 24, 2014 in terms of which an Authorized Dealer may borrow maximum USD 15.00 million loan from EDF against their foreign currency financing of input procurement for a manufacturerexporter against an export LC/firm export contract/inland back to back LC.

  1. It has now been decided to enhance the limit of USD 15.00 million to USD 20.00 million for BGMEA member mills.

Other instructions contained in FE Circular No. 25, dated December 22, 2009 and its subsequent circulars shall remain unchanged.

Source: https://www.bb.org.bd/mediaroom/circulars/fepd/jun192016fepd17e.pdf

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