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BB fixes 9pc interest on import of nine essentials

BB fixes 9pc interest on import of nine essentials

Bangladesh Bank (BB) has fixed maximum 9 percent interest on the import of nine essential commodities for keeping the prices of the commodities at tolerable level during the holy month of Ramadan. The essential commodities are edible oil, chickpeas, lentil, dun peas, onion, spices, dates, fruits and sugar, according to a BB circular issued in Dhaka on Monday (Mar 2).

The new interest rate will be effective from now on, the central bank added.

The central bank expected that the prices of all nine commodities will go down in the local markets before the month of Ramadan.