100% margin will be required in the import of luxury goods

  • Staff Correspondent, Barta24.com, Dhaka
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Photo: Collected

Photo: Collected

Bangladesh Bank has instructed the banks to keep 100% cash margin on import of 14 luxury goods including gold, cosmetics, processed food, soft drinks and leather goods to earn foreign exchange.

On Thursday (September 5), the Banking Regulations and Policy Department (BRPD) of the central bank issued instructions in this regard.

বিজ্ঞাপন

According to the instructions of the Central Bank, in the context of global economic instability, the country's currency and debt management have been made more coherent.

100 percent cash margin will be maintained in establishment of import credit for luxury goods and locally manufactured import substitutes.

Commodities, Motorcars, Electronics Home or Office Appliances, Gold and Jewelery, Precious Metals and Pearls, Readymade Garments, Leather Goods, Jute Goods, Furniture and Decorative Items, Fruits and Flowers, Non-Cereal Foods, Processed Foods and Beverages or Canned (Cans) ) 100 percent cash margin has been fixed on imports of food, chocolate, biscuits, juice, coffee, soft drinks etc., alcoholic beverages and tobacco, tobacco products or substitute products.