Bangladesh's forex reserves have slipped below the $30-billion mark for the second time in the current month of May.
On May 7, the reserves declined to $29.77 billion as the Bangladesh Bank cleared import bills worth $1.18 billion to the Asian Clearing Union (ACU).
Two days later, however, the reserve increased to $30.36 billion after the loans provided by the World Bank hit the reserves.
The multilateral lender released $507 million to the government, giving a little bit of breathing space to the economy from the ongoing stress in the different zones of the macroeconomy.
But on Wednesday, the reserves stood at $29.97 billion, data from the central bank showed.
It was $42.29 billion on the same day a year ago, meaning the reserve has fallen by about 30% in the last one year.
In Bangladesh, the reserves have been under strain for months due to higher imports against the lower-than-expected export earnings and remittances.
