Regulatory Alerts2022-03-10
Added
BRPD Circular Letter No. 08: L/C Margin and Commission on Import Financing for Essential Consumer Goods
All scheduled banks operating in Bangladesh are instructed to keep the margin rate for import Letters of Credit (L/Cs) at a minimum level, allowing for zero margin based on the banker-customer relationship, for essential consumer goods such as edible oil, chickpeas, pulses, peas, onions, spices, dates, fruits, and sugar. Additionally, the commission for these import L/Cs must be kept at the minimum possible level. These measures are effective immediately until May 10, 2022, to prevent price increases and ensure adequate supply of essential goods during the upcoming Ramadan and Eid-ul-Fitr.
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