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Global Trade Alert

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Bangladesh: Increase in cash margin requirement for opening letters of credit for non-essential goods

Description

On 11 May 2022, the Bangladesh Bank increased the minimum cash margin requirement for opening letters of credit to import non-essential goods from 25% to 50%. The cash margin requirement was earlier i...

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Intervention Details

Intervention Type

Trade payment measure

MAST Chapter

G: Finance measures

Implementation date

11 May 2022

Revocation date

03 Jul 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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