Bangladesh’s foreign exchange reserves experienced a decrease to $20.38 billion, as confirmed by a senior official, following the settlement of import bills for two months through the Asian Clearing Union (ACU) by the Bangladesh Bank (BB), the country’s central bank. The BB successfully cleared $1.27 billion in import bills utilizing the ACU, an arrangement facilitating payment settlements among eight countries, including India, a key trading partner of Bangladesh.
In the aftermath of this transaction, the gross foreign exchange reserves of the country, calculated by the BB, dropped to $25.65 billion, down from the $26.9 billion recorded on January 3. It is worth noting that, according to the International Monetary Fund’s calculation method, the forex reserves stood at $21.7 billion on January 3.
