Bangladesh Bank asked banks to confirm the price of goods listed by importers on the international market.
According to a central bank notice, banks are advised to follow regulatory guidelines for confirming import prices and price competitiveness in light of the ongoing trends in the world's commodity markets.
A Bangladesh Bank representative said that recent price fluctuations in the global market for commodities were the reason the central bank asked banks to confirm the prices on various international markets.
According to him, if the verification is carried out correctly, importers might be able to purchase their goods from the international markets for less money.
Due to the increase in import payments caused by disruptions in the global supply chain, Bangladesh's foreign exchange market has recently experienced volatility.
In the first two months of this fiscal year, the country's import payments rose 17% from the previous year to $12.7 billion.