• Financial

Bangladesh Bank has increased the margin rate of bonds to cope with the pressure of imports

  • Financial
  • 11 May, 2022 14:09:20

Photo: Collected

News Desk: Bangladesh Bank has increased the margin rate of Loan Certificate (LC) from 25 percent to 50 percent due to increase in import cost. Credit for import of baby food, essential food items including fuel, life saving medicines, local and export oriented industries and agriculture related products will be excluded from this guideline.

On Tuesday (May 10), the central bank's banking regulations and policy department issued a directive in this regard.

According to the central bank's guidelines, in order to manage the overall currency and debt management activities in the context of global trade, import of baby food, essential food items including fuels, life-saving medicines, local and export oriented industries and all other non-import related commodities. Percentage must be saved. A minimum of 75 per cent cash margin is required for setting up import bonds for motor cars (sedan cars, SUVs), electrical and electronics used as home appliances.

This instruction will be effective immediately and will remain in force until further notice.

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