Dhaka, Bangladesh (BBN) - The central bank of Bangladesh has assured the state-owned commercial banks (SCBs) of providing adequate foreign currency support for importing essential items, officials said.
"We've given the assurance to the SCBs on Monday to ensure smooth supply of the essential items, including food grains, in the local market," a senior official of the Bangladesh Bank (BB) said, adding that the BB's latest move would also help increase foreign currency supply in the market.
The BB has asked the chief executive officers (CEOs) of the SCBs not to avoid opening of fresh letters of credit (LCs) for essential commodities by importers.
BBN/SSR/AD=08Marc11-5:08 pm (BST)
