Regulatory Alerts2022-12-14
Added
BRPD Circular Letter No. 50: L/C Margin for Import of Rice and Wheat
The Bangladesh Bank directs all scheduled banks to maintain a minimum cash margin for letters of credit used to import rice and wheat, determined based on the bank-customer relationship. This directive is issued under Section 45 of the Bank Company Act, 1991, to ensure continuous supply and keep domestic prices of these staple grains within a tolerable range amid global supply disruptions. The instruction takes immediate effect and remains valid until further notice.
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