Bangladesh: BB extends import bill payment period from 180 to 360 days

A central bank circular said the provision will remain in effect until December this year.

However, the facility does not apply to imports under Export Development Fund (EDF) loans.

The central bank had issued a circular on June 30 last year, raising the delayed payment limit for these imports to 360 days, though the validity period lasted until December 31, 2024.

Customers cannot extend the payment period for foreign currency liabilities beyond the specified time, domestic media outlets reported.

ALCHEMPro News Desk (DS)