The Dhaka Chamber of Commerce & Industry (DCCI) has urged the Bangladesh Bank to support commercial banks with adequate foreign exchange supply to help them settle letters of credits (LCs) with a view to keeping the market of essentials stable during Ramadan.
The global economic crisis and supply shortage may fuel energy prices in Bangladesh, but the local rates should be adjusted and decreased when the international prices fall, Dhaka Chamber President Barrister Md Sameer Sattar said today.
Business leaders have urged the commerce ministry to consider setting up trade credit and currency swap systems as alternatives to letters of credit (LCs) for importing goods as they have been facing problems in this regard recently. "We need to explore the potential of alternatives to LCs.