(NAR) VOL. 6 NO. 2 / APRIL - JUNE 1995
"25.2 Short-term loans shall finance exclusively foreign exchange requirements of eligible projects except as may be specifically allowed under this Circular. Medium and long term loans may finance foreign exchange costs as well as local costs (excluding working capital) of eligible projects.
This Circular shall take effect immediately.
Adopted: 9 Mar. 1995
(SGD.) GABRIEL C. SINGSON
Governor