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April 19, 2024
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বাংলা
FRIDAY,
APRIL 19, 2024
letters of credit (LCs)
Economy
LC settlements in December lowest in 37 months
LC openings in December also drop, hitting six-month low
Banking
Dollar rally puts some banks in trouble to settle LCs
Banking
Banks settle LCs at Tk102 per dollar
Banking
Import LCs 43% higher in July - May of FY2022
Banking
Some banks charge over Tk93 per dollar for LCs, flouting central bank’s verbal instruction
Trade
ADR most preferred way to resolve LC related int’l trade disputes: Experts
Trade
BB allows third party guarantee on export payment
Thoughts
Exporting without LCs - a risky game