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From recent discussion among LC specialists, DCW has learned that bankers at some US-based financial institutions are aware of banks in Bangladesh releasing discrepant documents to applicants without acceptance or payment, claiming that their country’s Central Bank (Bangladesh Bank) allows for such practice.
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Bangladesh: Then, Now, and the Impact on International Trade
Letters of credit represent the bulk of trade services offered by banks in Bangladesh and the country’s tense governmental transition has been closely watched by the industry. In this article, Bangladesh's political and economic challenges and their impact on trade are considered.
