Dhaka, Dec 12 (TIWN) In the wake of soaring inflation, the central bank of Bangladesh has instructed all the commercial banks in the country to relax the opening margin rate for the settlement of Letters of Credit (LC) against eight food items.

The items are edible oil, sugar, chickpeas, pulses, beans, onions, dates and spices.  The bank also fixed the opening margin rate for the settlement of letters of credit at 75 per cent in a bid to limit imports to save the depleting reserves of foreign currency.