Bangladesh Bank sets cost ceiling for short-term trade finance in forex
Wednesday, 28 September 2022
Bangladesh Bank (BB) has set the all-in-cost ceiling for short-term permissible trade finance in foreign exchange.
"Given the global market trends, it has been decided to set all-in-cost ceiling per annum at SOFR + 3.50 per cent for short-term trade finance in foreign exchange," said a BB circular on Wednesday.
All other applicable instructions in this regard shall remain unchanged, reports BSS citing the circular.