letters of credit (LCs)

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

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

June LC openings lowest since August 2020; economists call the trend alarming

Illustration: TBS
Economy

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

LC settlements in December lowest in 37 months
Economy

LC settlements in December lowest in 37 months

Dollar rally puts some banks in trouble to settle LCs
Banking

Dollar rally puts some banks in trouble to settle LCs

Representational image. File Photo: Minhaj Uddin/TBS
Banking

Banks settle LCs at Tk102 per dollar

Representational image. File Photo: Minhaj Uddin/TBS
Banking

Import LCs 43% higher in July - May of FY2022

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

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

Photo: Courtesy
Trade

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

Representational image. File Photo: Minhaj Uddin/TBS
Trade

BB allows third party guarantee on export payment

Exporting without LCs - a risky game
Thoughts

Exporting without LCs - a risky game