Before the payment on Monday, the gross foreign exchange reserves, calculated under the IMF’s BPM6 standard, stood at $20.8 billion, but after the settlement, they fell to $19.46 billion
Bangladesh’s gross foreign exchange reserves have declined following a $1.37 billion payment to the Asian Clearing Union (ACU) for July and August import bills, according to central bank sources.
The ACU payment is made every two months.
Before the payment on Monday, the gross foreign exchange reserves, calculated under the IMF’s BPM6 standard, stood at $20.8 billion, but after the settlement, they fell to $19.46 billion.
However, according to the Bangladesh Bank’s traditional valuation method, reserves dropped to $24.53 billion on Monday from $25.87 billion the day before.
– The Business Standard
