Forex reserve drops below $20b after ACU payment

The foreign exchange reserves of Bangladesh have dipped below US $20 billion after paying $1.75 billion liabilities of Asian Clearing Union (ACU).

Arif Hossain Khan, Executive Director and Spokesperson of Bangladesh Bank confirmed the information on Sunday (March 9).

According to Bangladesh Bank data, the country's gross foreign exchange reserves have dropped to $25 billion after paying the ACU’s bill.

Besides, the International Monetary Fund’s BPM-6 methodology, actual reserves are now $19.70 billion, compared to $21.40 billion earlier this month.