Dhaka, July 1 -- Bangladesh Bank (BB) has introduced a pilot framework for the digital processing of trade documents for export and import transactions, marking another significant step toward modernising the country's cross-border trade and trade finance operations.

The Foreign Exchange Policy Department on Wednesday issued a circular outlining the framework, which aims to improve efficiency, transparency and operational resilience by gradually replacing paper-based trade documentation with secure electronic processes, reports BSS.

Under the pilot initiative, the framework will cover transactions conducted through documentary collections and letters of credit (LCs) across approved trade corridors.

It will apply to export and import tr...