letters of credit (LCs)

BB significantly relaxes LC margin for baby food imports

Bangladesh Bank recently became aware that some banks were interpreting the earlier circular to include essential baby food among the products requiring the 100% cash margin

LC openings hit 5-year low in June amid falling investment, consumption

Recovery on some fronts, but investment gaps, banking instability still key concerns

letters of credit (LCs)

letters of credit (LCs)

BB significantly relaxes LC margin for baby food imports

LC openings hit 5-year low in June amid falling investment, consumption

Recovery on some fronts, but investment gaps, banking instability still key concerns

LC settlements in December lowest in 37 months

Dollar rally puts some banks in trouble to settle LCs

Banks settle LCs at Tk102 per dollar

Import LCs 43% higher in July - May of FY2022

Some banks charge over Tk93 per dollar for LCs, flouting central bank’s verbal instruction

ADR most preferred way to resolve LC related int’l trade disputes: Experts

BB allows third party guarantee on export payment

Exporting without LCs - a risky game