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BB sets cost ceiling for short-term trade finance in forex

BB sets cost ceiling for short-term trade finance in forex

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Bangladesh Bank (BB) has set the all-in-cost ceiling for short-term permissible trade finance in foreign exchange.

"Given the global market trends, it has been decided to set all-in-cost ceiling per annum at SOFR + 3.50 percent for short term trade finance in foreign exchange," said a BB circular on Wednesday.

All other applicable instructions in this regard shall remain unchanged, the circular added.