DHAKA, Sept 21, 2020 (BSS) – Bangladesh Bank (BB) has relaxed the
foreign exchange transactions rules for traders by allowing them to open
Letters of Credit (LCs) for imports of onion on 90 days deferred or usance
basis under supplier’s or buyer’s credit terms.
“To facilitate uninterrupted supply and stabilize the price of onion in
commodity market, it has been decided that Authorized Dealers (ADs) may open
LCs for imports of onion on 90 days deferred or usance basis under supplier’s
or buyer’s credit terms,” said a BB circular issued today.
The instruction would be effective until December 31 this year.