• Wednesday, Sep 30, 2020
  • Last Update : 10:08 am

Bangladesh Bank sets 9% interest for onion import

  • Published at 06:36 pm October 2nd, 2019
web-Bangladesh bank-bb
The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka Tribune

 Bangladesh Bank has asked banks to finance importing onion with 9% interest for ensuring enough supply of onion in the local market and preventing the upward trend of price

The Bangladesh Bank (BB) has asked all scheduled banks to finance onion imports with 9% interest, aimed at preventing the upward trend of the onion price in the country.

“Recently, it is noticed that the onion price in the local market is upward due to rise in the price in international market. So there is crisis of onion at the consumer level,” a central bank circular mentioned on Wednesday.

Under this circumstance, Bangladesh Bank has asked banks to finance importing onion with 9% interest for ensuring enough supply of onion in the local market and preventing the upward trend of price.

Besides, BB suggested banks to keep the lowest margin for the onion import credit instrument.

54
51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail