Regulatory Alerts2022-04-11
Added
BRPD Circular Letter No. 10: L/C Margin on Import Financing
The document instructs all scheduled banks operating in Bangladesh to maintain a minimum cash margin of 25 percent for the establishment of letters of credit against the import of all goods, excluding specific exempted categories. The exempted categories include imported infant food, fuel, other essential food items, life-saving drugs, and imports related to local and export-oriented industries and the agriculture sector. This directive is issued under the powers conferred by Section 45 of the Bank Company Act, 1991, and takes immediate effect until further notice.
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