BB asks banks to keep LC margin on onion import at minimum level
| 17 Sep 2020, 22:24
Bangladesh Bank (BB) has asked banks to keep the margin on the opening of letters of credits (LCs) to import onion at a minimum level.
“The prices of onion are on an upward trend at local markets following the price hike of the key cooking ingredient in international markets,” said a BB circular issued today.
Under the circumstances, BB instructed banks to keep the margins on opening letters of credits (LCs) for importing onions at a minimum level.
The instruction would be effective until December 31 this year.