Bangladesh Bank has paid $1.37 billion to settle the Asian Clearing Union (ACU) bill for the January–February period, according to Executive Director and Spokesperson Arif Hossain Khan. The payment was made on Sunday, and as a result, the country’s foreign exchange reserves are expected to drop below $35 billion.

As of March 5, Bangladesh’s gross reserves stood at $35.49 billion, while the BPM6-based reserve was $30.76 billion. The central bank typically settles ACU obligations from its reserves, leading to a temporary decline after each payment. In previous cycles, Bangladesh paid $1.53 billion for November–December, $1.61 billion for September–October, and $1.50 billion for the preceding two months.

The Asian Clearing Union is a regional payment arrangement among nine central banks in Asia, including Bangladesh, India, Iran, Nepal, Pakistan, Sri Lanka, Myanmar, Bhutan, and the Maldives. It facilitates settlement of import and export transactions among member countries every two months.