Sunday 23 September 2018 ,
Sunday 23 September 2018 ,
Latest News
  • 10 districts get new DCs
  • Writ seeks independent body to probe ‘fictitious cases’
  • Bangladesh face Afghanistan in crucial super four match today
  • Sundarban wildlife gets extended sanctuary
  • RMG workers block Dhaka-Mymensingh highway
1 January, 2018 00:00 00 AM
Print

BB eases financing process of Export Development Fund

BSS

Bangladesh Bank (BB) has eased the process of Export Development Fund (EDF)

to facilitate access to financing in foreign exchange for input procurements by manufacturer-exporters, reports BSS.

“To bring ease in operations of EDF, revised operational procedure prepared through compilation of existing instructions,” said a BB circular in the capital yesterday.

Authorized Dealer (AD) banks can borrow US dollar funds from the EDF against their foreign currency loans to manufacturer-exporters for input procurements. At their option, the ADs can also lend to some extent from their own foreign exchange funds for input procurements.

The Export Development Fund is managed by the Forex Reserve and Treasury Management Department (FRTMD) at the head office of Bangladesh Bank. Borrowing by ADs from the EDF and repayments thereof are handled through head offices or principal offices of the AD banks concerned.

 

Comments

Poll
Today's Question »
AL General Secretary Obaidul Quader said the people of the country do not want any movement before the national election. Do you agree?
 Yes
 No
 No Comment
Yes 100.0%
No 0.0%
No Comment 0.0%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01
02030405060708
09101112131415
16171819202122
23242526272829
30

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting