letters of credit (LC)

letters of credit (LC)

File photo of Bangladesh Bank. Photo: TBS

Import LC settlements plummet 10% in Nov amid economic slowdown

Data from the Bangladesh Bank shows that LC settlements – payments made against previously opened import LCs – dropped to $4.87 billion in November 2025, down from $5.38 billion recorded in...

FBCCI President Mahbubul Alam talks to reporters following a meeting with Bangladesh Bank officials on 18 September 2023. File Photo: TBS

Businessmen having to open LCs above fixed dollar rates: FBCCI president tells BB governor

Deferred LCs hit record $1b in July as banks lack dollar

Deferred LCs hit record $1b in July as banks lack dollar

Import bill payments in July hit 8-month high 

Import bill payments in July hit 8-month high 

Banks buy dollars at Tk103

Banks buy dollars at Tk103

Photo: Collected

Third party needed to cushion possible risks from open account transactions