The Bangladesh Bank has imposed a 100% cash margin requirement for the import of 14 luxury goods, including gold, cosmetics, processed foods, and soft drinks, to manage the ongoing foreign exchange crisis. Effective from September 5, the directive aims to maintain better currency and debt management amid global economic instability.
The rule targets luxury items and domestically manufactured import substitutes, covering a wide range of products such as motorcars, electronics, jewelry, leather goods, furniture, and beverages. The central bank’s measure is part of broader efforts to stabilize foreign reserves by curbing the outflow of foreign exchange for non-essential imports. This move is expected to limit the demand for imported luxury goods, encouraging domestic consumption.
Source for more details:
