LCs

LCs

Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch

BB governor asks banks to create forced loans for unpaid import LCs

As per rules, banks are supposed to convert unpaid LC obligations into forced loans if clients fail to make timely payments, he says

LC settlements in December lowest in 37 months

LC settlements in December lowest in 37 months

Representational image. Photo: Collected

Why is the fixed exchange rate for dollars failing?

LC situation likely to improve in 2 months: Cenbank governor

LC situation likely to improve in 2 months: Cenbank governor

Hundreds of imported cars are kept at the shed of Mongla Port, in Bagerhat which traders brought from Japan without opening letters of credit in due time. The irregularity causes a severe complexity in releasing the cars from the port. The photo was taken recently. Photo: Mohammad Minhaz Uddin

650 cars stranded at ports as importers cannot open LCs for dollar crunch 

Representational Photo: UNB

Fertiliser import falters as Saudi banks cancel Sonali Bank LCs

Representational image. Photo: Collected

Banks settle LCs at Tk107 per dollar

An aerial view of Chattogram Port. File Photo: Mohammad Minhaj Uddin/TBS

Central bank must be informed before opening import LCs

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

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

Representational image/Reuters

Some banks charging Tk93 per dollar for LCs

Representational image. File Photo: Minhaj Uddin/TBS

BB allows third party guarantee on export payment

Exporting without LCs - a risky game

Exporting without LCs - a risky game

File Photo: Pexels

Bills must be submitted and encashed within June: Finance Division