Reserves come down to $20.46 billion after ACU payment
$1.42 billion of import bills for May and June were paid through Asian Clearing Union (ACU)
Bangladesh's foreign exchange reserves fell below $21 billion after the payment of $1.42 billion in import bills through the Asian Clearing Union (ACU).
The ACU payments for May and June were cleared this week, said a senior official of the Bangladesh Bank.
For all latest news, follow The Daily Star's Google News channel. After the payment, reserves stood at $20.46 billion.
The forex reserves were at $21.78 billion as on June 30 this year, BB data showed.
The ACU is an arrangement for settling payments for intraregional transactions among eight countries: Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka.
The reserves data was calculated based on the formula of the International Monetary Fund (IMF).
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