Bangladesh Bank steps in to ensure baby food supply

The Bangladesh Bank has capped LC margin to import baby food at 5 percent as part of efforts to control prices and ensure supply amid a coronavirus pandemic.

Staff Correspondentbdnews24.com
Published : 4 April 2020, 03:09 PM
Updated : 4 April 2020, 03:53 PM

The ceiling will remain effective until June 30, the central bank said in an urgent notice on Saturday.

It cited possibilities of a supply squeeze amid heightened demand for baby food in both international and domestic markets due to the pandemic.