Please refer to BPRD
Circular no. 24 dated the 12th July, 1998 read with BPRD Circular
NO.34 dated 31st August, 1998 on the captioned, subject.
2 In Supersession of instructions contained
in BPRD's Circulars referred to above, it has been decided
that all import letters of credit, other than for import of
wheat and POL products, shall be Subject to a minimum cash
margin of 30%
3. The above instructions shall come
into effect immediately.
Please acknowledge receipt.
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