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Dhaka Tribune

Forex reserve below $30bn again

The reserve surpassed the $31 billion mark on June 26

Update : 08 Jul 2023, 05:11 PM

The country's foreign currency (forex) reserve dipped below the $30 billion-mark once again, reaching $29.98 billion on Thursday after payment of Asian Clearing Union (ACU) bills worth $1.1 billion for regional imports.

The country's foreign exchange reserve amounted to $31.16 billion as of July 5, as per Bangladesh Bank data. 

The reserve surpassed the $31 billion mark on June 26.

The central bank cleared import bills amounting to $1.18 billion in May leading to a drop in overall reserves to $29.77 billion after the payment.

The ACU payment gateway covers monetary transactions among its nine member countries: Bangladesh, Bhutan, India, Iran, the Maldives, Myanmar, Nepal, Pakistan and Sri Lanka, for regional imports. 

These bills are cleared every two months.

In August 2021, Bangladesh's foreign exchange reserve reached a record high of $48 billion.

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