ZCZC
BSS-21
BB-CHILD-FOOD
BB fixes 5pc LC margin for baby food import
DHAKA, April 4, 2020 (BSS) – Bangladesh Bank (BB) has instructed the
commercial banks to allow maximum 5 percent letter of credit (LC) margin for
baby food import on the basis of bank-client relationship to ensure
sufficient supply of the essential item in the country.
The central bank has given the instruction to all banks considering the
ongoing situation created by coronavirus outbreak across the world, said a BB
press release issued here today.
The importers will have to ensure the highest cautious for keeping the
imported goods free from coronavirus, the release added.
The instruction will be applicable till June 30.
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