In February this yr, 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 greenback waft within the financial institution sector has greater and the import LC has opened and settled.
In step 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 final fiscal yr (February 2021). In February final yr, the $ 9.2 billion import LC was once opened. Within the first two months of this yr, the hole of the import LC has exceeded $ 1 billion.
Import LC disposal greater in February. In February, a complete of $ 9.5 billion import LC was once settled. And on the identical time of the final fiscal yr, the LC was once settled for $ 9.5 billion. As such, LC has been settled by way of 26.5 % greater than the similar length final yr.
Alternatively, in February this yr, $ 2.7 billion remittances got here within the nation. From July to February of the present fiscal yr, the whole remittances got here to $ 9.5 billion in 8 months. Which is 25.7 % upper than the similar length of the final fiscal yr. Right through the fiscal yr 2021-27, the rustic’s remittance got here to the rustic on the identical time.
The primary 8 (July-February) of the fiscal yr 2021-27, the import LC fee was once $ 1 billion. The fee was once made on the identical length of the final fiscal yr. Till the primary 8 months of the present fiscal yr, the fee of uncooked subject matter imports of the trade has greater by way of 5.7 %. Greater fee of petroleum and different merchandise. On the other hand, the fee of capital apparatus has diminished by way of 20 %. And in terms of Intermediate Items imports, the fee has been diminished by way of 9.5 %. In a similar way, all through the primary 8 months (July-February) of the present fiscal yr, the export source of revenue has greater by way of about 5 % in comparison to the similar length of the former fiscal yr.
Till the primary 8 months (July-February) of the present fiscal yr, the hole of the import LC has greater by way of 9.22 % in comparison to the similar length of the former fiscal yr. Imports have greater in different sectors, together with uncooked fabrics (commercial uncooked fabrics) within the dialogue. On the other hand, the import of capital apparatus or capital equipment has diminished by way of about 5 %. Imports have diminished from Intermediate Items and Petroleum.
EAR/SNR/GKS
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