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BB sets cost ceiling for short-term trade finance in forex

BSS . Dhaka
28 Sep 2022 18:15:37 | Update: 28 Sep 2022 18:22:57
BB sets cost ceiling for short-term trade finance in forex

Bangladesh Bank 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.

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All other applicable instructions in this regard shall remain unchanged, the circular added.