BB simplifies raw materials import process
BI Desk || BusinessInsider
Published: 00:20, 6 September 2024
Photo: Collected
Bangladesh Bank (BB) has simplified the process of importing raw materials and capital machinery.
The central bank took the decision for improving the business situation and ensuring the supply of essential consumer goods to the local market, as per a BB circular issued on Thursday, reports BSS.
From now on, banks can set the margin level when opening letters of credit (LCs) against imported goods based on bank-client relationships.
