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

Announcement

11 May 2022

The Bangladesh Bank has imposed a cash margin requirement for opening letters of credit for imports of non-essential goods.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

11 Apr 2022

Revocation date:

No revocation date

Trade payment measure

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...

Related State Acts

11 May 2022

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

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