Bangladesh’s foreign exchange reserves have dropped to $18.19 billion after settling import bills with the Asian Clearing Union (ACU), according to Bangladesh Bank.
On Sunday, $1.50 billion was paid to the ACU to clear the import dues for September and October.
Bangladesh Bank (BB) spokesperson Husne Ara Shikha confirmed this information to the media on Tuesday, stating that the current amount of reserves stands at $18.19 billion, calculated using the IMF's BPM6 methodology.
The BB started following the IMF's Balance of Payments and International Investment Position Manual (BPM6) in calculating foreign exchange reserves as per a condition set by the global lender for a $4.7 billion loan approved for Bangladesh.
The ACU is a payment settlement forum whereby the participants settle payments for intra-regional transactions through the participating central banks on a net multilateral basis.
bd-pratidin/GR
