Dhaka, Jan. 28 -- Textile millers have sought the Bangladesh Bank's urgent intervention to recover $8.71 million in outstanding payments tied to more than 150 accepted and matured bills that have remained unpaid for an extended period.

According to central bank officials, the Bangladesh Textile Mills Association (BTMA) highlighted in a recent letter that the dues involve 22 primary textile mills supplying yarn and fabric to apparel exporters under back-to-back letters of credit (LCs).

Though deliveries are complete and maturity dates have elapsed, payments have not been credited to the mills' accounts, causing a severe liquidity crunch.

BTMA President Showkat Aziz Russell wrote to the central bank governor, emphasising that delays in s...