An archive photograph exhibits various kinds of lentils and chickpeas at a grocery retailer within the Kaptan Bazar kitchen market within the capital. The Bangladesh Financial institution on Sunday requested scheduled banks to cost margins at a minimal fee towards opening import letters of credit score for important kitchen objects earlier than the month of Ramadan. – Picture Focusbangla

The Bangladesh Financial institution on Sunday requested scheduled banks to cost margins at a minimal fee towards opening import letters of credit score for important kitchen objects earlier than the month of Ramadan.

The central financial institution issued a directive that day to CEOs and CEOs of all schedule banks to forestall worth hikes and maintain the kitchen market secure forward of Ramadan, the month of fasting for Muslims. .

The month of Ramadan will start within the first half of April.

The central financial institution has requested banks to take care of minimal margins towards open LCs for importing commodities, together with edible oil, chickpeas, lentils, onion, gram, spices, dates, fruits and sugar.

Because the demand for kitchen objects will increase sharply yearly throughout Ramadan, the central financial institution has despatched the letter to deliberate banks as a part of its measures to make sure an sufficient provide of these things throughout Ramadan.

The instruction went into impact instantly after the publication of the round and can stay legitimate till Could 15, 2021, the BB mentioned.



Supply hyperlink

Leave a Reply

Your email address will not be published.