On Nov. 6, BNG CB issued circular on import margin requirements.
BNG CB issued circular on import margin requirements for essential commodities, aiming to ensure adequate supply and maintain reasonable prices during Ramadan.
Follows Jan. 2024 BNG CB issued circular re minimum cash margin rate, see #198169.
Import Margin Requirements
Allows banks to set minimum cash margin requirements for import letters of credit (LCs) of essential food items based on respective banker-customer relationship.
