In Foreign Exchange,
CREDIT OF US$ 50 MILLION TO IRAQ
the Authorized Dealers is invited to F.E.
Circular No.16 dated the 15th February, 1994
in terms of which the terminal date for completing shipments
under the above Credit was extended upto the 30th
2. It has since
been decided to suspend the implementation of the instructions
contained in the aforesaid Circular. Consequently, no shipment
can now be made under the aforesaid Credit.
3. Please bring
the above to the notice of your constituents.