LC payments
Payment period for raw material imports extended till Dec
The previously fixed 360-day usance period ended today
Bangladesh Bank toughens stance against luxury imports
In the face of falling foreign exchange reserves, Bangladesh Bank yesterday instructed banks to take up to 75 per cent of import payments in advance from businesses to open letters of credit (LCs) for luxury and non-essential goods.
June 30, 2024
Payment period for raw material imports extended till Dec
The previously fixed 360-day usance period ended today
May 11, 2022
Bangladesh Bank toughens stance against luxury imports
In the face of falling foreign exchange reserves, Bangladesh Bank yesterday instructed banks to take up to 75 per cent of import payments in advance from businesses to open letters of credit (LCs) for luxury and non-essential goods.
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