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Article: Bangladesh : Bangladesh Paid $487 Million For Asian Clearing Union Payment.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: babalu03
Bangladesh has made a routine payment of $487 million to the Asian Clearing Union (ACU) against imports during September-October this year, central bank officials told AHN Media on Wednesday.
The payment pushed the foreign exchange reserve down to $9.10 billion on the day from $9.56 billion of the previous day, they confirmed.
"We've remitted the fund to the ACU headquarters in Tehran in line with the existing provision of the eight-member union,' a senior official of the Bangladesh Bank (BB), the country's central bank, told AHN in Dhaka.
Under the existing provisions, outstanding import bills and interest accruing ...