{"id":3455,"date":"2022-12-15T21:31:00","date_gmt":"2022-12-15T21:31:00","guid":{"rendered":"https:\/\/cpanewsbd.com\/?p=3455"},"modified":"2022-12-19T16:32:01","modified_gmt":"2022-12-19T16:32:01","slug":"bb-asks-banks-to-charge-minimum-lc-margin-on-rice-wheat-imports","status":"publish","type":"post","link":"https:\/\/cpanewsbd.com\/2022\/12\/15\/bb-asks-banks-to-charge-minimum-lc-margin-on-rice-wheat-imports\/","title":{"rendered":"BB asks banks to charge minimum LC margin on rice, wheat imports<\/strong>"},"content":{"rendered":"\n

The Bangladesh Bank (BB) has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for rice and wheat to keep their prices at a tolerable level in the domestic market and ensure smooth supply.<\/p>\n\n\n\n

According to a BB circular released on December 14, the advance payment, also known as the cash LC margin, should be preserved at the bare minimal amount dependent on the bank-client relationship. Due to the interruption to the global supply chain caused by the negative effects of the Russia-Ukraine war, food crop prices are trending upward.<\/p>\n\n\n\n

As a result, the cost of transporting international goods has increased, which has an impact on the market.<\/p>\n

\n\t\t\t
\n\t\t\t <\/div><\/div>\n\t\t