Bangladesh’s foreign exchange reserves have now dropped to $37 billion after payment of imports to the Asian Clearing Union (ACU). Last Wednesday (September 7) reserves were 38.94 billion dollars. After paying 1735 million dollars (one decimal 735 billion) for import money on Thursday, it fell to 3 thousand 706 million dollars (37.06 billion dollars).
Meanwhile, the central bank has sold more than 1.3 billion dollars to the country’s banks in the last two days (Tuesday and Wednesday) to overcome the crisis.
Central Bank sources confirmed this information on Thursday night.
It is known that the foreign exchange reserves have decreased by 11.5 billion dollars in the last one year. Last year in the last week of August the amount of reserves was 48.60 billion.
Meanwhile, this stockpile of foreign currency will cover 4.5 months of import expenditure (8 billion dollars per month as import expenditure).
Aku is an international transaction settlement system. Through this, transactions between Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka are settled. Akur is headquartered in Tehran, the capital of Iran. In this system, the central bank of the respective countries pays the import amount every two months.