ZCZC
BSS-19
BB-ONION-IMPORT
BB asks banks to keep LC margin on onion import at minimum level
DHAKA, Sept 17, 2020 (BSS) – Bangladesh Bank (BB) has asked banks to
keep the margin on the opening of letters of credits (LCs) to import onion at a minimum level.
“The prices of onion are on an upward trend at local markets following the price hike of the key cooking ingredient in international markets,” said a BB circular issued today.
Under the circumstances, BB instructed banks to keep the margins on opening letters of credits (LCs) for importing onions at a minimum level.
The instruction would be effective until December 31 this year.
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