Bangladesh, Nov. 9 -- Bangladesh has made a routine payment of more than US$987 million to the Asian Clearing Union (ACU) against imports during the September-October period of this calendar year.
After the payment, foreign exchange (forex) reserves fell to $31.60 billion on Thursday from $32.60 billion on the previous working day, according to the central bank officials.
Talking to the FE, a senior official of the Bangladesh Bank (BB) said the country will be able to settle import bills for more than five months with existing forex reserves.
"We've already remitted the fund to the ACU headquarters in Tehran in line with the existing provisions of the union," the official added.
Under the existing provisions, outstanding import bills an...