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Article: Bangladesh : Bangladesh forex reserves dips to $9.10 billion.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
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Byline: babalu03
Bangladesh s forex reserves dropped to $9.10 billion Wednesday after the country made a routine payment of $487 million to the Asian Clearing Union (ACU) against imports during September-October this year.
In a statement issued, Bangladesh Bank (BB), the country s central bank said, "We ve remitted the fund to the ACU headquarters in Tehran in line with the existing provision of the eight-member union .
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Under the existing provisions, outstanding import bills and interest accruing against thereof are settled at the end of every two months among the member ...