{"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":"<strong>BB asks banks to charge minimum LC margin on rice, wheat imports<\/strong>"},"content":{"rendered":"\n<p>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<p>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<p>As a result, the cost of transporting international goods has increased, which has an impact on the market.<\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"http:\/\/cpanewsbd.com\/2022\/12\/15\/bb-asks-banks-to-charge-minimum-lc-margin-on-rice-wheat-imports\/\"\n\t\t\t  \tdata-numposts = \"20\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>As a result, the cost of transporting international goods has increased, which has an impact on the market.<\/p>\n","protected":false},"author":4,"featured_media":2545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,19],"tags":[145],"class_list":["post-3455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","category-news-bytes","tag-bangladesh-bank"],"_links":{"self":[{"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/posts\/3455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/comments?post=3455"}],"version-history":[{"count":1,"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/posts\/3455\/revisions"}],"predecessor-version":[{"id":3456,"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/posts\/3455\/revisions\/3456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/media\/2545"}],"wp:attachment":[{"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/media?parent=3455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/categories?post=3455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpanewsbd.com\/wp-json\/wp\/v2\/tags?post=3455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}