Bangladesh Bank has cleared US$ 1.42 billion in liabilities to the Asian Clearing Union (ACU) for the months of May and June. Following this transaction, Bangladesh’s gross reserve stands at $26.171 billion, while reserves as per the IMF’s BPM6 formula are at $20.467 billion as of Tuesday. Md Mezbaul Haque, executive director
Tag: reserves
3 reasons for country’s falling forex reserves
Despite curbing imports, Bangladesh's foreign exchange reserve fell to USD 36 billion - lowest in 28 months - due to 3 reasons, economists believe. The reasons are: imbalance in export-import, high dependency on imported oil and gas, and decreasing trend in inward remittance flow. The forex reserves stood at USD