Banks reject manufacturers LC requests amid forex scarcity

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Merit Ibe. Following scarcity of foreign exchange (forex) occasioned by the COVID -19 pandemic, local manufacturers' letter of credit (LC) requests to their foreign partners for raw materials importation submitted in the banks are now being rejected by financial ...

from Google Alert - Business https://ift.tt/3kRtLSs
Merit Ibe. Following scarcity of foreign exchange (forex) occasioned by the COVID -19 pandemic, local manufacturers' letter of credit (LC) requests to their foreign partners for raw materials importation submitted in the banks are now being rejected by financial ... https://ift.tt/eA8V8J

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