Dhaka, Oct 10 (IANS) Bangladesh's imports plunged by nearly 14 percent in the first two months of the 2012-13 fiscal year, an official said Wednesday.
The drop was due to the central bank measures to maintain macroeconomic stability, Xinhua quoted an official of the Bangladesh Bank as saying.
Overall import orders in July-August dropped by 13.76 percent year-on-year to over $5.4 billion, the official said requesting anonymity.
The actual import payments also dropped by 1.95 percent year-on-year to $5.480 billion in the first two months of the 2012-13 fiscal year, the official added.
The import orders, which usually fluctuates between 20 to 40 percent growth, started to slide after the central bank rolled out its "contractionary" monetary policy.
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