In February this yr, the open LC (Letter of Credit score) opened and settled higher by means of about 20 p.c. The field involved say that because of the rise in remittances and exports, the greenback glide within the financial institution sector has higher 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 ready 20 p.c (8.12 p.c) upper than the similar length of the remaining fiscal yr (February 2021). In February remaining 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 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 yr, the LC was once settled for $ 9.5 billion. As such, LC has been settled by means of 26.5 p.c greater than the similar length remaining yr.
Then again, 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 p.c upper than the similar length of the remaining fiscal yr. Throughout the fiscal yr 2021-27, the rustic’s remittance got here to the rustic on the similar 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 similar length of the remaining fiscal yr. Till the primary 8 months of the present fiscal yr, the fee of uncooked subject matter imports of the business has higher by means of 5.7 p.c. Greater fee of petroleum and different merchandise. On the other hand, the fee of capital apparatus has lowered by means of 20 p.c. And with regards to Intermediate Items imports, the fee has been lowered by means of 9.5 p.c. In a similar fashion, all through the primary 8 months (July-February) of the present fiscal yr, the export source of revenue has higher by means of about 5 p.c 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 higher by means of 9.22 p.c in comparison to the similar length of the former fiscal yr. Imports have higher 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 lowered by means of about 5 p.c. Imports have lowered from Intermediate Items and Petroleum.
EAR/SNR/GKS
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