Bangladesh has paid 1.50 billion dollars through the Asian Clearing Union (ACU) for September and October bills of imported goods. As a result, the total foreign exchange reserves stood at 24.19 billion dollars. And according to BPM-6, it has come down to 18.45 billion dollars. Although last week the reserves were above 20 billion as BPM.
And due to the elimination of about 5 billion for current liabilities, the amount of expendable reserves was about 13.20 billion dollars yesterday.
This information was known from Bangladesh Bank on Monday.
According to central bank data, the total reserves after repayment of Aku stood at 24.19 billion dollars. But according to International Monetary Fund (IMF) conditions, the reserves are 18.45 billion dollars as per BPM-6 manual. Apart from this there is another account of net or actual reserves of Bangladesh Bank. Which is only given to the IMF, not disclosed by the central bank.
According to the information received today Monday, Bangladesh Bank's net international reserve (NIR) or expendable reserve stood at 13.20 billion dollars after Akur payment. Normally a country should have reserves equal to at least three months of import costs. Bangladesh is now at the bottom of that standard. One of the indicators of a country's economy is foreign exchange reserves.
