Exim Bank’s Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan

 

A.P. (DIR Series) (2003-04) Circular No. 95, dated 9-6-2004

 

Exim Bank’s Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan

Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 84 dated April 16, 2004 (RBI/2004/148) regarding Line of Credit (LOC) for USD 10 million extended by Exim Bank to Bank TuranAlem, Kazakhstan. It is advised that the LOC is avail­able for exports from India to all the twelve CIS (Commonwealth of Independent States) countries including Kazakhstan, viz. Russia, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Kazakh­stan, Belarus, Ukraine, Tajikistan, Georgia, Moldova and Armenia.

 

2.         The other terms and conditions mentioned in the A.P. (DIR Ser­ies) Circular No. 84 dated April 16, 2004 remain unchanged.

3.         Authorised Dealers may bring the contents of this circular to the notice of their constituents and advise them to obtain full details of the Line of Credit from Exim Bank’s office or its website.

4.         The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).