Circulars/Notifications - Banking Supervision Department  
 BPRD Circular No. 37
October 27, 1999  

All Banks

Dear Sirs,

MINIMUM MARGIN RESTRICTION ON IMPORT LETTERS OF CREDIT

 

Please refer to BPRD Circular No. 33 dated the 14th October, 1999 on the captioned subject.

           In view of the return of normalcy in the foreign exchange market, and in order to ensure adequate availability of raw material for productive activity, it has been decided to withdraw with effect from October 28, 1999 the minimum margin requirement for opening letters of credit for industrial raw materials.

  Please acknowledge receipt.



Yours faithfully,
(Kazi Abdul Muktadir)
Director
       
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