ZCZC
BSS-18
BB-LC-EXPORTER
BB relaxes policy for exporters
DHAKA, April 04, 2021 (BSS) – The Bangladesh Bank (BB) has eased the
issuance of back to back letter of credits (LCs) or usance LCs with
realization clause for input procurements on behalf of exporters.
“It has now been decided that ADs may continue to issue back to back
LCs/usance LCs with realization clause for input procurements on
behalf of exporters,” said a BB circular today.
Prior to issuance of the circular, the facility was valid for the
period up to December 31, 2020 which was extended to March 31, 2021.
According to the circular, other instructions with regards to import
trade transactions will remain unchanged.
BSS/KUC/GA/1540 hrs