In Foreign Exchange and
Investment Banks holding
DEBT RETIREMENT PROGRAMME
to F.E. Circular No.2 dated the 24th
February, 1997 on the above subject.
2. It has now
been decided to permit the resident firms and companies
to participate in National Debt Retirement Programme No.I,
II & III.
3. For placements
under NDRP-III, only foreign currency funds brought from
abroad can be used. Switching of funds from the existing
current, PLS or term deposit accounts is not allowed.
4. Please bring
the above to the notice of your constituents.