Banks asked to verify global commodity prices quoted by importers

Business Desk :
The Bangladesh Bank on Monday asked banks to verify the price of commodities, quoted by importers, in the global market.
Given the ongoing global commodity market trends, banks are advised to adhere to regulatory parameters for verification of import prices and price competitiveness, according to a central bank notice.
A BB official said that prices of the commodities have fluctuated in global market in recent times, which is why the central bank asked banks to verify the prices in several international markets.