Regulatory Alerts2025-11-11
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BRPD Circular Letter No. 24: Opening L/C and L/C Margin for Importing Essential Consumer Goods During Holy Ramadan
The document instructs scheduled banks operating in Bangladesh to maintain a minimum cash margin for opening letters of credit for specific essential consumer goods, including rice, wheat, onion, lentils, cooking oil, sugar, chickpeas, peas, spices, and dates, based on banker-customer relationships. This directive aims to facilitate imports and ensure supply during the upcoming Holy Ramadan. The instruction is issued under Section 45 of the Bank Company Act, 1991, takes immediate effect, and remains valid until March 31, 2026.
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