In February this 12 months, the open LC (Letter of Credit score) opened and settled larger by way of about 20 %. The field involved say that because of the rise in remittances and exports, the greenback drift within the financial institution sector has larger and the import LC has opened and settled.
In line with Bangladesh Financial institution information, the import LC was once opened in February 2021 for $ 9.25 billion. Which is set 20 % (8.12 %) upper than the similar duration of the closing fiscal 12 months (February 2021). In February closing 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 larger in February. In February, a complete of $ 9.5 billion import LC was once settled. And on the identical time of the closing fiscal 12 months, the LC was once settled for $ 9.5 billion. As such, LC has been settled by way of 26.5 % greater than the similar duration closing 12 months.
Then again, 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 full remittances got here to $ 9.5 billion in 8 months. Which is 25.7 % upper than the similar duration of the closing fiscal 12 months. Throughout 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 fee was once $ 1 billion. The fee was once made on the identical duration of the closing fiscal 12 months. Till the primary 8 months of the present fiscal 12 months, the fee of uncooked subject material imports of the business has larger 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 when it comes to 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 12 months, the export source of revenue has larger by way of about 5 % in comparison to the similar duration 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 larger by way of 9.22 % in comparison to the similar duration of the former fiscal 12 months. Imports have larger 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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