Sun, 24 September 2023
The Daily Ittefaq

BB asks banks to relax LC margin rate for Ramadan items

Update : 11 Dec 2022, 18:52

Bangladesh Bank (BB) has instructed banks to relax the opening margin rate for the settlement of Letter of Credit (LC) against some food items at the minimum level based on banker-customer relations.

The eight food items are edible oil, sugar, chickpeas, pulses, beans, onions, dates and spices.

The central bank has given the instruction to keep the prices tolerable and ensure adequate supply during the month of Ramadan, as per a BB circular issued on Sunday (December 11).

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