Bangladesh Bank recently extended the usance period (deferred payment) of letter of credit (LC) for importing industrial raw materials, agricultural implements and chemical fertilisers to 360 days from 180 days.
The extension is applicable to imports made under suppliers’ or buyers’ credit and is valid until December 31, 2025.
The extension, in effect since January 20 this year, was set to expire.
The extension is applicable to imports made under suppliers’ or buyers’ credit and is valid until December 31, 2025.
The extension, in effect since January 20 this year, was set to expire.
