Dhaka, Bangladesh
BB asks banks to keep LC margin on onion import at minimum level

BB asks banks to keep LC margin on onion import at minimum level

DHAKA, Sept 18, 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 Thursday. 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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