The import showed moderate rise during the past 11 months of the outgoing 2014-15 financial year (FY15), according to Bangladesh Bank (BB)
data, released Thursday, reports BSS.
The data showed that the value of the Letters of Credit (LC) settled during July-May of FY15, was $35.17 billion, which was 3.81 per cent higher than that of the same period of the previous fiscal year’s $33.88 billion.
The total value of import LCs opened by authorised dealer banks during July-May of FY15 was $39.50 billion, higher by 5.29 per cent than that of the same period of the previous year’s $37.52 billion.
The data also showed substantial increases in LCs opening for rice by 63.45 per cent, wheat by 26.67 per cent, pulses (all sorts) by 33.31 per cent and refined edible oil 0.46 per cent which are the major components of consumer goods.
Significant increase also noticed in opening of LCs in yarn, intermediate goods, capital machinery and Coal and Coke.