Forex reserves fall after $1.27b ACU payment

BB goes shopping to private banks for dollar

Bangladesh’s foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through the Asian Clearing Union (ACU), a top official said today.

Following the payment, the country’s gross foreign exchange reserves declined to $25.65 billion yesterday as per the calculation of the BB, from $26.9 billion on January 3, said the central bank official.

The amount of forex reserves was $21.7 billion on January 3 as per the calculation method of the International Monetary Fund.

Daily Star