After paying the Asian Clearing Union (ACU) import bill, Bangladesh Bank's foreign exchange reserves fell below 20 billion again. 1.50 billion dollars was paid to Aku on Sunday (10 November). As a result, the reserve stands at 18.19 billion dollars.
On Tuesday (November 12), Bangladesh Bank spokesperson Husne Ara Shikha told reporters that the current amount of reserves is 18.19 billion dollars following IMF's BPM-6 method.
6 billion in remittances and 10 billion dollars in exports in three consecutive months. Moreover, as the pressure to open import LCs was less, the banks had sufficient dollar reserves. The central bank buys more dollars than the specified limit. It has increased foreign reserves. Again, even if the foreign loan comes, it is added to the reserve.
According to the data of the central bank, the amount of reserves reached 20 billion dollars last November 7 based on expatriate income and exports. Earlier, on September 8, 1.36 billion dollars was paid for Akur's bill in July-August. At that time, Bangladesh Bank's reserves stood at 19.44 billion dollars.
Incidentally, Bangladesh Bank maintains three types of reserve statistics. A total reserve, which consists of various funds. Second is reserves as per International Monetary Fund (IMF) calculations and third is usable reserves.
Earlier, on September 8 night, the July-August Akur bill was reconciled to $1.36 billion.
For the first time in the country's history, foreign exchange reserves crossed the $48 billion mark in August 2021. However, increased demand in the post-corona economy and the Russia-Ukraine war have led to dollar sales from reserves, reduced foreign debt and investment, and increased prepayments.
