BB eases LC terms to reduce imported fruit prices
Bangladesh Bank has relaxed conditions for opening Letters of Credit (LCs) for fruit imports to boost supply in the domestic market and keep prices tolerable for consumers. From now on, importers will no longer be required to maintain a 100% cash margin when opening an LC for fruit imports. Setting the margin rate has been left to the discretion of the respective banks. The Banking Regulation...…
We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.
