Bangladesh, Nov. 8 -- Bangladesh Bank (BB) has instructed all scheduled banks to maintain cash margins at the minimum possible level for opening letters of credit (LCs) to import essential consumer goods ahead of the holy month of Ramadan.Buy Maps

The Banking Regulation and Policy Department-1 of Bangladesh Bank on Sunday issued a circular letter in this regard, aiming to facilitate the import of essential commodities and ensure their adequate supply at affordable prices during Ramadan.

According to the circular, banks have been advised to maintain cash margins at the minimum possible level, considering the banker-customer relationship, while opening LCs for importing essential commodities, including rice, wheat, onions, pulses, edible...