Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
BANGLADESH: Bangladesh Bank, the central bank, issued a circular regarding banks’ duty to report required data of back-to-back LCs to the online import monitoring system (OIMS).
According to The Daily Star, some banks have ignored instructions for submitting data on a regular basis.
