Bangladesh made a routine payment of US$1.17 billion to the Asian Clearing Union (ACU) against imports during the March-April period of the current calendar year, officials said.
After the payment, the country's foreign exchange (forex) reserve came down to around $19.50 billion Wednesday from $ 20.57 billion of the previous working day, according to the central bank statistics.
The amount of payment rose to $1172 million, which was ever highest, in the last installment from $960 million earlier mainly due to higher imports from the ACU member countries, a central banker said.
"We're importing different consumer items, cotton, raw materials and capital machinery from the ACU member countries, particularly from India," he explained.
The Bangladesh Bank (BB) remitted the fund Wednesday to the ACU headquarters in Tehran in line with the existing provisions of the nine-member union.
Under the existing provisions, outstanding import bills and interests thereof are to be paid at the end of every two months among the member countries.
Forex reserve declines to $19.50 billion
FE Report | Published: May 08, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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