Section 12: Foreign Exchange Revolving Fnnd

The fund involving foreign currency raised pursuant to section 3 of this Act and maintained under subsection (3) of section 6 of fhis Act, shall be designated as the Foreign Exchange Revolving Fund and shall be used for direct lending to exporters for the purposes of financing the imports of raw materials, capital goods, packaging materials and other inputs, including services in accordance with any guidelines which the Board may, from time to time, stipulate and approve.