Global Trade Alert
Global Trade Alert

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

Announcement

10 Mar 2022

The Bangladesh Bank has allowed scheduled banks to issue letters of credit for imports of essential commodities at zero margins.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

10 Mar 2022

Revocation date:

10 May 2022

Updated: 10 Mar 2022
Trade payment measure
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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