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Global Trade Alert

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Bangladesh: Cash margin requirement imposed for opening letters of credit of non-essential goods

Description

On 11 April 2022, the Bangladesh Bank instructed banks to impose a minimum 25% cash margin on the opening of letters of credit (LC) for the imports of non-essential consumer goods. The requirement wil...

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Intervention Details

Intervention Type

Trade payment measure

MAST Chapter

G: Finance measures

Implementation date

11 Apr 2022

Revocation date

10 May 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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