Opening letters of credit (LCs) for imports in Bangladesh dropped by around $14 billion

Opening letters of credit (LCs) for imports in Bangladesh dropped by around $14 billion, or 23.45 per cent, year on year (YoY) in the first eight months of fiscal 2022-23 (FY23) to $45.52 billion due to restrictions by the central bank and a fall in export orders.The raising of LC margin to 100 per