All Authorised Dealers
in Foreign Exchange,

Dear Sirs,

DIRECT bORROWINGS IN PRIVATE SECTOR INCLUSIVE OF SUPPLIERS CREDITS/
GUARANTEED LOANS - ABSORPTION OF EXCHANGE RISK BY THE GOVERNMENT
AGAINST PAYMENT OF FEE

Attention of Authorized Dealers in invited to F.E. Circular No.48 of 1992 on the noted above subject.

2. It is advised that in line 10 of para 2 of the above F.E Circular the words "clean buying" may please be substituted by the words "& O.D Selling".

3. Please bring the above to the notice of your constituents.