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Reserves fall to $20.46 billion after ACU payment

Reserves fall to $20.46 billion after ACU payment

Staff Correspondent

Bangladesh's foreign exchange reserves fell below $21 billion after the payment of $1.42 billion in import bills through the Asian Clearing Union (ACU).

The ACU payments for May and June were cleared this week, said a Bangladesh Bank spokesperson. After the payment, reserves stood at $20.46 billion at IMF method. At the same time gross reserve stood at $26.17billion.

Earlier the forex reserves were at $21.78 billion as on June 30 this year, according to the Balance of Payments and International Investment Position Manual (BPM6), after a $2 billion inflow of loans from IMF and other multilateral donors.

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