BB relaxes rules on life saving drugs import

Bangladesh Bank (BB) has relaxed its regulations allowing the banks to extend usance period in import of life saving drugs by their clients up to maximum 180 days instead of current 90 days in view of the coronavirus outbreak.

"With a view to minimizing COVID-19 pandemic related disruptions to imports of life saving drugs, it has been decided to allow the authorized dealers to extend the usance periods up to maximum of 180 days instead of current 90 days depending on the actual needs of their concerned clients," said a BB circular issued here today. Other instructions with regards to import trade shall remain unchanged, the circular added.

Such relaxation will continue until September 30, 2020, according to the circular.