Challenges faced by Bangladesh in opening LC amid dollar crisis and policy recommendations for overcoming them

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Date
2023-07
Publisher
Brac University
Author
Kar, Srijoni
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URI
http://hdl.handle.net/10361/23677
Abstract
From the middle of 2022, Bangladesh is facing a shortage of US dollar. Also, Bangladesh’s businesses are finding it difficult to open letters of credit (LCs) owing to banks' inability to provide the American greenback needed to finance imports and the central bank's restriction on non-essential imports. The stress seems to be intensifying with each passing day. It is breaking our supply chain and the production for domestic and the export-oriented market is being hampered. The findings of the present study show what are the challenges that are being faced by the businesses. Also, I will add some policy as recommendations for overcoming the challenges that are faced by many businesses.
Keywords
Letter of Credit; LC procedures; Dollar crisis; Supply chain; Import; Export procedure
 
LC Subject Headings
Commercial policy; Suretyship and guaranty--Bangladesh; Letters of credit--Bangladesh; Currency question--Bangladesh; International finance
 
Description
This research paper is submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, 2023.
 
Cataloged from the PDF version of the research paper.
 
Includes bibliographical references (pages 28-29).
Department
Brac Business School, Brac University
Type
Research paper
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