Dhaka, Nov. 5 -- Bangladesh's foreign exchange reserves have slipped below $30 billion after it paid $1.64 billion in import bills to the Asian Clearing Union (ACU) for September and October.

Reserves stood at $29.98 billion on Thursday under the International Monetary Fund's BPM6 accounting method, while gross reserves were $34.85 billion, Bangladesh Bank spokesperson Arief Hossain Khan told bdnews24.com.

A day earlier, BPM6 reserves stood at $31.51 billion and gross reserves at $36.38 billion.

"Remittance inflows and export earnings continue to show a positive trend. Reserves will rise to another level within a few days," he said.

Reserves crossed $31 billion under BPM6 in June after the Asian Development Bank provided $1 billion in...