Foreign currency reserves have remained above the $31 billion mark after Bangladesh cleared nearly $1.5 billion in import bills through the Asian Clearing Union (ACU).

Net reserves stood at $31.72 billion, while gross reserves were $36.17 billion.

Bangladesh Bank reported these amounts at the end of Monday, using the International Monetary Fund's Balance of Payments (BPM-6) accounting method.

The net reserves were $33.20 billion and the gross amount was $37.85 billion at the end of Sunday.

Central bank spokesperson Arief Hossain Khan said the country's import bill of $1.48 billion for May and June was paid on Monday.