LC openings, settlements in Bangladesh both cross $6-bn mark in Mar

The rise is being attributed to rising dollar inflow in the banking sector from higher remittances and exports.

In March 2025, import LCs worth $6.46 billion were opened—a YoY increase of nearly 6.25 per cent. In each of the first three months of the new fiscal, the opening of import LCs has exceeded $6 billion, according to domestic media outlets.

Bangladesh received $3.29 billion in remittances in March this year, the highest-ever monthly inflow in the country's history, official data show. From July to March of this fiscal, total remittance inflow reached $21.78 billion—a 27.6-per cent YoY increase.

The country’s export sector demonstrated a commendable performance during the first nine months of fiscal 2024-25 (July-March), with total export earnings worth $37.19 billion—a 10.63-per cent YoY rise.

Import LCs opening and settlement rose by 20 per cent in February this year.

Forty per cent of readymade garment businesses face LC opening delays, according to a survey by the Bangladesh Institute of Development Studies.

Central bank data shows import LC openings during the July-March period of FY25 increased by 4.79 per cent YoY. This growth was driven by increased imports of consumer goods, industrial raw materials, and other items.

The data shows $6.35 billion in import LCs were settled last March—a 14.83-per cent YoY rise.

ALCHEMPro News Desk (DS)