RESERVE BANK OF INDIA
FOREIGN EXCHANGE DEPARTMENT
CENTRAL OFFICE
MUMBAI - 400 001
RBI/2004/238
A.P. (DIR Series) Circular No.95
June 9, 2004
To
All Authorised Dealers in Foreign Exchange
Madam/Sirs,
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 AP (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 Section 10(4) and 11(1) of the Foreign
Exchange Management Act, 1999 (42 of 1999).
Yours faithfully,
Grace Koshie
Chief General Manager