In Memoriam: James Barnes
The trade world was saddened by the news of the loss of one of our own: Jim Barnes. Below are
Import LCs
22 articles
(Page 2)
DCW Updates
Pakistan: Additional Support for Oil LCs
Prime Minister Shehbaz Sharif has promised that the Pakistani government will intervene on behalf of oil refineries facing potential shutdown
DCW Updates
Bangladesh Bank LC Settlements Jump 50%
According to figures released by Bangladesh Bank, the country’s central bank, settlement of import LCs jumped nearly 50% to
DCW Updates
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
DCW Updates
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.
DCW Updates
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.
DCW Updates
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
DCW Updates
Indonesian BNI Xpora Program Facilitating Digital Trade
Indonesian BNI Xpora Program Facilitating Digital Trade
DCW Updates
Pakistan Banks Require Approval Prior to Financing Imports
State Bank of Pakistan (SBP) is requiring all banks to seek prior approval before financing imports.
DCW Updates
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
February 2022
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.