In February this 12 months, the open LC (Letter of Credit score) opened and settled greater by way of about 20 %. The sphere involved say that because of the rise in remittances and exports, the buck go with the flow within the financial institution sector has greater and the import LC has opened and settled.
In keeping with Bangladesh Financial institution information, the import LC used to be opened in February 2021 for $ 9.25 billion. Which is ready 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 used to be opened. Within the first two months of this 12 months, the outlet of the import LC has exceeded $ 1 billion.
Import LC disposal greater in February. In February, a complete of $ 9.5 billion import LC used to be settled. And on the identical time of the remaining fiscal 12 months, the LC used to be settled for $ 9.5 billion. As such, LC has been settled by way of 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 entire 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. Right through the fiscal 12 months 2021-27, the rustic’s remittance got here to the rustic on the identical time.
The primary 8 (July-February) of the fiscal 12 months 2021-27, the import LC cost used to be $ 1 billion. The cost used to be made on the identical length of the remaining fiscal 12 months. Till the primary 8 months of the present fiscal 12 months, the cost of uncooked subject material imports of the trade has greater by way of 5.7 %. Higher cost of petroleum and different merchandise. On the other hand, the cost of capital apparatus has reduced by way of 20 %. And the cost of Intermediate Items has reduced by way of 5.7 % of the cost). In a similar fashion, all through the primary 8 months (July-February) of the present fiscal 12 months, the export source of revenue has greater by way of 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 outlet of the import LC has greater by way of 9.22 % in comparison to the similar length of the former fiscal 12 months. Imports have greater in numerous sectors, together with uncooked fabrics (commercial uncooked fabrics) within the dialogue. On the other hand, the import of capital apparatus or capital equipment has reduced by way of about 5 %. Imports have reduced from Intermediate Items and Petroleum.
EAR/SNR/GKS
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