Bangladesh Bank paid $1.61 billion for the month of September-October through the Asian Clearing Union (ACU).
After this, the gross foreign exchange reserves of Bangladesh Bank stood at $31.14 billion.
Earlier, after the payment of $1.5 billion, the reserves were $30.31 billion in September.
However, according to the IMF’s accounting system BPM6, the reserves currently stand at $26.44 billion, which was $25.40 billion in September.
ACU is a system for settling inter-country transactions. Through it, debts are settled every two months between Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal and Pakistan.
Although Sri Lanka was previously in ACU, they are not participating due to the economic crisis.
According to Bangladesh Bank, before the repayment of ACU’s liabilities, the gross reserves were $32.71 billion last Wednesday, compared to $28 billion on that day according to BPM6.
However, the highest reserves in the country’s history were $48 billion in August 2021, which has now come to $31 billion after a continuous decline.
Due to the government’s strict measures and legal remittance system, the amount of remittances flowing from abroad is increasing.
From the beginning of the current fiscal year to November 8, expatriate income has reached $10.9 billion, which is 14% more than the same period last year.
Earlier, expatriate income increased by 27% in the last fiscal year.
Due to these reasons, the dollar exchange rate has remained stable at Tk122 since August last year.
