The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
According to figures released by Bangladesh Bank, the country’s central bank, settlement of import LCs jumped nearly 50% to USD 60.57 billion during the period of July 2021 to March 2022, compared to USD 40.48b for the same nine-month stretch one year ago.
Meanwhile, LC openings measured over the same time frames grew 46% to USD 68.36b from USD 46.81b.
