5pc LC margin to ensure adequate import of baby food
DHAKA: Bangladesh Bank (BB) has instructed the commercial banks to allow maximum 5 per cent letter of credit (LC) margin for baby food import on the basis of bank-client relationship to ensure sufficient import of the essential item in the country.
The central bank has given the instruction to all banks considering the ongoing situation created by coronavirus outbreak across the world, reports BSS quoting a BB press release issued on Saturday.
The importers will have to ensure maximum cautious for keeping the imported goods free from coronavirus, the release added.
The instruction will be applicable till June 30.