Exim Bank's Line of Credit of USD 10 Million to Banque Marocaine du Commerce Exterieur (BMCE Bank), Morocco

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....d to Deal in Foreign Exchange Madam/Sir, Exim Bank's Line of Credit of USD 10 Million to Banque Marocaine du Commerce Exterieur (BMCE Bank), Morocco The Export-Import Bank of India (Exim Bank) has concluded an agreement with Banque Marocaine du Commerce Exterieur (BMCE Bank), Morocco on July 4, 2005 making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 10 Mill....

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....y, the exporter can either use his own resources or utilise balances in his EEFC account for payment of commission in free foreign exchange. Authorised dealer banks may allow such remittance after realisation of full payment of contract value, subject to compliance of prevailing instructions on payment of agency commission. Further, Reserve Bank may consider on merit, requests for payment of agenc....