Businessmen will now be able to import eight sorts of essential goods on deferred payment basis as Bangladesh Bank has announced such facilities aiming to make supply of these commodities available during the upcoming holy month of Ramadan, reports BSS.
These commodities are-edible oil, chickpea, pulse, pea, onion, spices, sugar and date.
Foreign Exchange Policy Department (FEPD) of the Bangladesh Bank (BB) Md Sarwar Hossain said, “The central bank has given this privilege to the authorized importers to make the supply of these commodities surplus during the Ramadan and to keep prices of these products at tolerable limit.”The circular has been issued to meet the supply crunch of these essentials during the Ramadan, he added.
Under the facility, the authorized dealers will be allowed to open Letter of Credits (LCs) for the import of these goods on deferred payment terms up to 90 days under suppliers/buyers’ credit scheme.
The facility will remain applicable for the date of initiation of imports till March 31, in 2023.
Bd-pratidin English/Golam Rosul
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