Dhaka, Feb. 19 -- The opening and settlement of letters of credit (LCs) in Bangladesh registered a narrow growth in first seven months (July-January) of the current financial year of 2024-25 as import orders increased by 2.63 percent along with LC settlements surged by 2.08 percent amid the high inflation, reduced demand for materials in the private sector and political unrest.
According to latest Bangladesh Bank data, import LCs worth $41.02 billion were opened during July-January period of FY25 from $39.97 billion compared to the same months of the previous fiscal year.
Correspondingly, in first seven months of FY25, import LC payments amounted to $40.25 billion, compared to $39.43 billion of the same period a year ago.
Over the past t...