a year ago

Bangladesh Bank sets cost ceiling for short-term trade finance in forex 

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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. 

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