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.

ALSO READ — Are Bangladesh and India ready for BTK and IRS transaction?

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