Bangladesh Bank extends LCs' deferred payment to import certain items

20 Aug '25

1 min read

Bangladesh Bank extends LCs' deferred payment to import certain items

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Insights

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.

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.

A circular issued by the foreign exchange policy department of the central bank announced the new regulation.

The extended usance period does not apply to imports financed by Export Development Fund loans.

ALCHEMPro News Desk (DS)

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