ANNOUNCEMENT 01 Jun 2014In June 2014, the government of Bangladesh announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Foreign Exchange Circular No. 22 of the Bangladesh Bank
On 1 June 2014,Bangladesh Bank issued Foreign Exchange Circular No. 22 notifying that bullet repayment terms will no longer be allowed for external financing of imports where the financing period exceeds 6 months or the trade value is greater than USD 500,000. For these agreements, quarterly repayments are stipulated.
Bullet loans are defined as loans where the entire amount is payable at maturity.