Bangladesh Bank has extended the usance period (deferred payment) of Letter of Credit (LC) for importing industrial raw materials, agricultural implements, and chemical fertilizers to 360 days, up from 180 days.
The extension applies to imports made under suppliers' or buyers' credit and is valid until December 31, 2025.
The new regulation was announced in a foreign exchange circular, issued by the Foreign Exchange Policy Department of Bangladesh Bank on Monday (August 18).
The extension, which had been in effect since January 20, 2025, was set to expire but has now been confirmed to remain valid until the end of the year.
The circular clarifies that the extended usance period does not apply to imports financed by Export Development Fund (EDF) loans.