The central bank has ordered to give top priority to open credit for fertilizer import to ensure supply and to keep the price of fertilizer at a bearable level. At the same time, the rate of cash margin in setting up fertilizer import credit has been asked to be kept at a minimum level based on banker-customer relationship.
On Wednesday (November 13), Bangladesh Bank issued a circular in this regard.
According to the directives issued under the powers given in Section 45 of the Bank Companies Act, 1991, the Central Bank said, henceforth, the highest priority should be given to the establishment of fertilizer import credit. This circular will remain in force till 31 December 2025.
