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Global Trade Alert

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Bangladesh: Banks allowed to issue letters of credit with zero margin for imports of essential commodities

Description

On 10 March 2022, Bangladesh Bank permitted scheduled banks to issue letters of credit for imports of essential commodities at zero margins. The instruction will be valid until 10 May 2022. The Bank ...

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Intervention Details

Intervention Type

Trade payment measure

MAST Chapter

G: Finance measures

Implementation date

10 Mar 2022

Revocation date

10 May 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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