Bangladesh Bank toughens stance against luxury imports
Published on: Tuesday 10 May 2022
In the face of falling foreign exchange reserves, Bangladesh Bank yesterday instructed banks to take up to 75 per cent of import payments in advance from businesses to open letters of credit (LCs) for luxury and non-essential goods.
News source: https://www.thedailystar.net/business/economy/news/bb-toughens-stance-against-luxury-imports-3020986
