DHAKA, Dec 29, 2025 (BSS) - Bangladesh Bank (BB) has issued a new circular revising the usance periods for the import of industrial raw materials and agricultural inputs, aimed at streamlining import transactions.

 
According to a BB circular issued today, the usance period for these imports has been set at up to 270 days or the cash conversion cycle, whichever is earlier.

 
This move follows previous instructions where the usance period—specifically for industrial raw materials, back-to-back imports, agricultural implements, and chemical fertilizers under suppliers’ or buyers’ credit—was permitted for up to 360 days until December 31, 2025.

 
The new 270-day limit represents a tightening of these credit terms.

 
The central bank has instructed Authorized Dealers (ADs) to exercise diligence when allowing these facilities. ADs must ensure that the estimated cash conversion cycle used to determine the usance period reflects a realistic position based on the specific customer’s historical operating and transaction trends.

 
For back-to-back letters of credit, the central bank stipulated that the usance period must be determined in alignment with the statutory export proceeds repatriation period.

 
However, the central bank clarified that this extended usance facility remains inapplicable to imports financed under the Export Development Fund (EDF).

 
 Authorized Dealers have been requested to bring these updated regulations to the attention of their relevant clientele immediately.