In February this 12 months, the open LC (Letter of Credit score) opened and settled higher via about 20 %. The sphere involved say that because of the rise in remittances and exports, the greenback go with the flow within the financial institution sector has higher and the import LC has opened and settled.
In line with Bangladesh Financial institution knowledge, the import LC was once opened in February 2021 for $ 9.25 billion. Which is set 20 % (8.12 %) upper than the similar length of the remaining fiscal 12 months (February 2021). In February remaining 12 months, the $ 9.2 billion import LC was once opened. Within the first two months of this 12 months, the hole of the import LC has exceeded $ 1 billion.
Import LC disposal higher in February. In February, a complete of $ 9.5 billion import LC was once settled. And on the similar time of the remaining fiscal 12 months, the LC was once settled for $ 9.5 billion. As such, LC has been settled via 26.5 % greater than the similar length remaining 12 months.
However, in February this 12 months, $ 2.7 billion remittances got here within the nation. From July to February of the present fiscal 12 months, the overall remittances got here to $ 9.5 billion in 8 months. Which is 25.7 % upper than the similar length of the remaining fiscal 12 months. All over the fiscal 12 months 2021-27, the rustic’s remittance got here to the rustic on the similar time.
The primary 8 (July-February) of the fiscal 12 months 2021-27, the import LC cost was once $ 1 billion. The cost was once made on the similar length of the remaining fiscal 12 months. Till the primary 8 months of the present fiscal 12 months, the cost of uncooked subject matter imports of the trade has higher via 5.7 %. Higher cost of petroleum and different merchandise. Then again, the cost of capital apparatus has lowered via 20 %. And the cost of Intermediate Items has lowered via 5.7 % of the cost). In a similar way, all the way through the primary 8 months (July-February) of the present fiscal 12 months, the export source of revenue has higher via about 5 % in comparison to the similar length of the former fiscal 12 months.
Till the primary 8 months (July-February) of the present fiscal 12 months, the hole of the import LC has higher via 9.22 % in comparison to the similar length of the former fiscal 12 months. Imports have higher in numerous sectors, together with uncooked fabrics (commercial uncooked fabrics) within the dialogue. Then again, the import of capital apparatus or capital equipment has lowered via about 5 %. Imports have lowered from Intermediate Items and Petroleum.
EAR/SNR/GKS
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