TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
Rate last updated: 02/01/2014 11:15:04 AM
The Bangladesh Bank (BB) has relaxed conditions on single-borrower and large-loan-exposure limit in order to support industrial growth by ensuring competitive financing. “In case of credit facilities, provided to the government or against government guarantees, and against guarantees provided by Multilateral Development Bank (MDB) or Export Credit Agency (ECA) having AAA rating, the restrictions will not be applicable,” according to a circular issued by the central bank on Tuesday. The circular will come into force immediately. The BB issued this directive in exercise of its power under sections-26(Kha) and 45 of the Bank Company Act 1991, as amended. All other instructions provided in the previous circular – issued on January 16, 2022 – would remain unchanged.
Bangladesh Bank yesterday said businesses that export goods guaranteed by reputed export credit agencies (ECAs) will be able to enjoy loans as per their need, even if it goes beyond the single borrower exposure limit. As per the single borrower exposure limit, banks are not allowed to give out loans that are more than 25 per cent of their capital to a single person, entity or business group. However, exporters who supply goods guaranteed by ECAs that are AAA rated by globally accepted credit rating agencies can now avail of loans beyond the single-borrower exposure limit. ECAs offer finance and other services to facilitate international trade.
Source: https://www.thedailystar.net/business/economy/news/bb-relaxes-rules-borrowing-exporters-3140446
The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) has written to the finance ministry and the Bangladesh Bank to reduce the gap between the dollar rates for importing raw materials and encashing export proceeds to Tk1. In the letter sent 8 October, the organisation also proposed making the dollar rate for encashing export earnings equal to the dollar rate of remittances – Tk108. In the letter, the BKMEA said exporters currently get Tk99 per dollar for encashing export earnings. While the dollar rate for payment of import debt is fixed at Tk104.5, banks are buying dollars at Tk105- 106 in case of back-to-back LC or any other import liability payment.
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| Exchange Rates | ||
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| Currency | Lowest | Highest |
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