Import LCs
Egyptian Banks Report LC Openings up 87%
Egyptian banks opened LCs worth USD 11.6 billion over a six-week stretch from 1 March to mid- April 2022
Domestic Correspondent Report: Egypt's New Importation Process
Starting March 1, 2022, Egypt's Central Bank now mandates the use of documentary credits for import operations, discontinuing documentary collections, except for certain exceptions.
Bangladesh Central Bank's Restrictive Measures Target Import LCs
Bangladesh Bank plans to reduce Import LCs by increasing he margin requirements for opening the LC. See how that affected issuance numbers.
Strengthening Pakistan Rupee "top priority"
PAKISTAN: Ishaq Dar, appointed on 28 Sept as the country’s finance minister for the fourth time, has made strengthening
Indonesian BNI Xpora Program Facilitating Digital Trade
Indonesian BNI Xpora Program Facilitating Digital Trade
Pakistan Banks Require Approval Prior to Financing Imports
State Bank of Pakistan (SBP) is requiring all banks to seek prior approval before financing imports.
Nepali banks to "discourage" Import LCs following "verbal directive" from central bank
Nepali banks said they would follow a “verbal directive” from Nepal Rastra Bank (central bank) to “discourage” traders from opening
Egypt’s Central Bank Mandates LC Use for Imports
The Central Bank of Egypt announced in mid-February 2022 that Egyptian banks must only accept letters of credit for the purchase of imports.
