Bangladesh Bank (BB) relaxed the cash margin rate against the opening of import letters of credit (LCs) for 10 categories of products, to help ease the import of the goods. The products are industrial and industry-related spare parts, textile raw materials, chemical and ancillary products, plastic and packaging items and raw materials, treatment-related equipment, ancillary and reagent, UPS/IPS pieces of machinery and ancillary products, and security-related products. Earlier, importers had to pay a 75% LC margin on imports of those goods. In the circular, the central bank directed all commercial banks to fix with immediate effect the opening margin rate based on the banker-customer relationship. (ICE NEW DELHI)

Fonte notizia: Dhaka Tribune