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Top News In Letters Of Credit Today - Breaking & Trending Today

Silicon Valley Bank and Signature Bank Closures Affect Real Estate

Closure of Silicon Valley Bank SVB and Signature Bank and receivership by Federal Deposit Insurance Corporation FDIC has far-reaching effects. Landlords with letters of credit, borrowers with SVB and Signature Bank loans were all immediately affected by the receiverships. ....

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Dollar crisis hurts pesticide imports, may hit crop output

Crop protection chemical sellers in Bangladesh are facing difficulty in opening letters of credit amid banks' lack of interest owing to the crunch of the US dollar. ....

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Let taka depreciate further: economists

As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can't supply the adequate American greenback needed to finance imports. ....

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Dollar shortage bites pharma industry

The pharmaceuticals industry, which has made life-saving drugs available at lower costs, is facing troubles in opening letters of credit (LCs) to import much-needed raw materials and capital machinery owing to the US dollar crunch. ....

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After energy, LC opening crisis now cripples businesses

Now, businesses in Bangladesh are finding it difficult to open letters of credit (LCs) owing to banks' inability to provide the American greenback needed to finance imports and the central bank's restriction on non-essential imports. The stress seems to be intensifying with each passing day. ....

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