BB moves to curb rice hoarding
The Bangladesh Bank (BB) has reduced loan repayment period for both rice mill owners and traders in a bid to check hoarding.
The central bank in a circular issued yesterday said the rice millers will have to repay loans to banks within 60 days. Earlier the millers had to repay within 90 days.
For the rice traders, there was no timeframe for repayment. However the central bank put a timeframe for them as well -- the traders will have to pay back within 45 days.
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