Bangladesh Bank has extended the period of late payment (useance) facility for the import of industrial raw materials, agricultural inputs and fertilizers. According to the new decision, foreign sellers can open letters of credit (LC) with a maximum payment term of 270 days for the import of these products. In the case of back-to-back LC, the use-case period will be determined in line with the prescribed period for repatriation of export proceeds. However, this extended use-case facility will not be applicable to imports financed under Export Development Fund (EDF) loans. This decision of Bangladesh Bank is being viewed as positive by business leaders and industry stakeholders.

Source: Dhaka Tribune December 29, 2025 20:51 UTC