Bangladesh Bank has eased the import of daily necessities in the upcoming Ramadan. At the same time, the central bank has also instructed the banks to keep the price of consumer goods at a bearable level.
A circular in this regard has been issued on Wednesday (November 6).
It has been said that in view of the increase in demand for consumer goods on the occasion of the holy month of Ramadan, the import credit of rice, wheat, onion, dal, edible oil, sugar, eggs, chickpeas, peas, spices and dates to ensure the necessary supply by simplifying the import of those products to keep the prices at a bearable level. Instructions are given to keep the cash margin rate to be maintained at a minimum level on the basis of banker-customer relationship. According to Bangladesh Bank, it is advised to prioritize the establishment of import credit to ensure the supply of the mentioned products in the domestic market. This directive will remain in force till March 31, 2025.
