Bangladesh Bank Directs Importers to Ensure Increased Imports for Ramadan

 Staff Reporter | PNN:

Ahead of the upcoming Ramadan, Bangladesh Bank has directed importers to bring in more goods than necessary to ensure an adequate supply of essential commodities in the market. The directive includes ensuring sufficient stock of Ramadan-related consumables such as chickpeas, dates, lentils, onions, sugar, and edible oil.

Officials have stated that there is no concern regarding foreign currency for importers, as banks have sufficient dollars available. If needed, these products can continue to be sold in the market even after Ramadan.

Before leaving for an overseas trip, Bangladesh Bank Governor Dr. Ahsan H. Mansur instructed relevant officials to ensure that there would be no hindrances to importing goods for Ramadan. Banks have already secured adequate dollars, so there will be no barriers to the extra import of goods.

Previously, on September 22, Bangladesh Bank held a meeting with the country’s top 20 importers, offering solutions to customs-related issues and assuring assistance. Representatives from top importers like Meghna Group, TK Group, City Group, Bashundhara Group, Pran-RFL, Nabil Group, New Zealand Dairy, and Delta Agro Foods were present at the meeting.

Agricultural economist Dr. Jahangir Alam Khan hopes that due to customs exemptions and sufficient imports, the market will experience relief in both supply and prices during this Ramadan.