Regulatory Alerts2024-11-13
Added
BRPD Circular Letter No. 48: Opening L/C and L/C Margin for Importing Fertilizer
The document instructs all scheduled banks operating in Bangladesh to maintain a minimum cash margin for opening Letters of Credit for fertilizer imports, based on bank-customer relationships, to ensure affordable prices and necessary supply. Banks are advised to give highest priority to fertilizer import LCs. These instructions are issued under Section 45 of the Bank Company Act, 1991, take immediate effect, and remain valid until December 31, 2025.
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fx
credit
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