Bangladesh Bank (BB) Governor Dr Ahsan H Mansur today said that they have taken a decision to issue a circular asking all banks not to impose LC margin on import of essential goods until at least Ramadan.
"We will issue a circular on Sunday (10 November) not to impose LC margin on essential goods," he said while briefing reporters after holding a meeting to discuss inflation at finance ministry with Finance Adviser Dr Salehuddin Ahmed in the chair.
The meeting also decided to relax the single borrower limit for the next two to three months to ensure supply of essential food items during Ramadan.
Addressing about the dollar supply, the governor said, "There is currently no dollar shortage. Anyone can approach any bank and open an LC of any amount. Please bring any instances of payment difficulties to my attention."
To further alleviate the hardship faced by low-income households due to inflation, he said, the government also decided to distribute 10kgs of rice per family every month through the Trading Corporation of Bangladesh (TCB). Currently, TCB cardholders receive 5kgs of rice at a subsidised rate each month, he added.
BB to lift LC margin on essentials import ahead of Ramadan
more from Bangladesh
LATEST News
- Chief adviser returns home
- Day-long workshop held to promote Bangladesh National Single Window (BDNSW) system implementation
- Political parties have a duty to support July-August uprising victims: Adviser Nahid
- Must protect country from militancy and fundamentalism: Asif Nazrul
- Tarique vows to curb power abuse, autocracy if BNP returns
Top News
- 1A deep dive into alleged corruption at Dhaka WASA: The legacy of Taqsem
- 2Must protect country from militancy and fundamentalism: Asif Nazrul
- 3Political parties have a duty to support July-August uprising victims: Adviser Nahid
- 4Chief adviser returns home
- 5Tarique vows to curb power abuse, autocracy if BNP returns
- 6Dhaka urges Delhi to keep Hasina refrain from making political statement
The meeting also decided to relax the single borrower limit for the next two to three months to ensure supply of essential food items during Ramadan.
BSS
Publisted at 11:02 PM, Thu Nov 7th, 2024