The country’s reserves have fallen to 19 billion dollars

The country’s reserves have fallen to 19 billion dollars
The country’s reserves have fallen to 19 billion dollars

Besides the dollar crisis, the foreign exchange reserves are continuously decreasing due to the decline in export earnings and remittance flows. Among these, Bangladesh has paid $121 million for the import bill of Asian Clearing Union (ACU) for the months of September and October.

As a result, foreign exchange reserves fell to 19.45 billion dollars on Tuesday (November 7). But now the gross reserve is 26.42 billion dollars.

According to the data of Bangladesh Bank, Gross Reserves based on BPM-6 method as per International Monetary Fund (IMF) conditions is 20.66 billion. From here, after paying Akur’s bill, the country’s reserves have decreased to 19.45 billion dollars. Beyond this is another account of the central bank’s actual reserves, which is only provided to the IMF. That’s just under $16 billion.

According to the conditions of the International Monetary Fund (IMF), Bangladesh Bank started publishing information on reserves under BPM-6 rules from July 13 this year. Then according to BPM-6, the reserves in the country were 23.56 billion (2 thousand 356 crore) dollars.

Executive Director and Spokesperson of Bangladesh Bank. Majbaul Haque said, I have not received the voucher even though I have made the payment. Due to the time difference, Bangladesh Bank will receive Akur’s payment vouchers on Wednesday. Then I will tell you the details.

Earlier, Bangladesh had paid 1.31 billion dollars for Akur’s debt last July-August. Due to the import control, this time the liability is a little less than before.

Note that Bangladesh, Bhutan, India, Iran, Myanmar, Nepal, Pakistan, Sri Lanka and Maldives – these nine countries were members of Asian Clearing Union (ACU). However, due to the reserve crisis, Sri Lanka left Aku in October 2022. ACUR member countries coordinate their import-export liabilities every two months. Bangladesh Bank has been paying an average of one hundred billion dollars every two months.

The article is in Bengali

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