Circulars/Notifications - Banking Supervision Department  
 BPRD Circular No. 38
October 30, 1999  

All Banks

Dear Sirs,

MINIMUM MARGIN RESTRICTION ON IMPORT LETTER OF CREDIT.

 

     Please refer to BPRD Circular No.33 read with BPRD Circular No. 37 dated the 14th October, 1999 and 27th October, 1999 respectively on the above subject.

2.    With a view to encouraging capital formation and reviving the economy it has been decided to withdraw, effective from 1st November 1999, the minimum margin requirement for opening Letter of Credit for machinery of all kinds and their spare parts.

   Please acknowledge receipt.



Yours faithfully,
(Kazi Abdul Muktadir)
Director
       
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