Dhaka, Aug. 14 -- Bangladesh Bank has issued a master circular consolidating all existing instructions on import transactions into a single document.

The move is expected to make import-related policies clearer and simpler for all parties involved.

The master circular, which was issued on Thursday, August 14, will remain in effect for one year. It provides comprehensive guidelines on various aspects of importing, including 'Letters of Credit (LCs)', remittances, imports under purchase agreements, supplier and buyer credit, e-delivery of software, domestic LCs in foreign currency, and imports for special economic zones like EPZs, Hi-Tech Parks, as well as for gold, silver, and jewelry.

This initiative follows a similar master circular i...