Bangladesh’s gross foreign reserves can top up to $24.3 billion by the end of the fiscal year if greater exchange rate flexibility is allowed and a tighter monetary policy is pursued, the IMF said.
Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
$1.17 billion of ACU payment was cleared today
The reserves stood at $20.96 billion on October 18
Bangladesh's foreign exchange reserve fell by almost $1.47 billion in a span of eight days
Bangladesh’s foreign exchange reserves slipped below $22 billion yesterday after the central bank cleared import bills amounting to $1.36 billion through the Asian Clearing Union (ACU) and sold US dollars to banks.
It hit $30.92b on April 30, down from $44.01b on same day a year ago
What Bangladeshi economists have been saying for a long time is pretty much what the International Monetary Fund (IMF) has told our central bank and the government.
High inflation and low export and remittance earnings are a major cause for concern at the moment.
Bangladesh’s gross foreign reserves can top up to $24.3 billion by the end of the fiscal year if greater exchange rate flexibility is allowed and a tighter monetary policy is pursued, the IMF said.
Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
$1.17 billion of ACU payment was cleared today
The reserves stood at $20.96 billion on October 18
Bangladesh's foreign exchange reserve fell by almost $1.47 billion in a span of eight days
Bangladesh’s foreign exchange reserves slipped below $22 billion yesterday after the central bank cleared import bills amounting to $1.36 billion through the Asian Clearing Union (ACU) and sold US dollars to banks.
It hit $30.92b on April 30, down from $44.01b on same day a year ago
What Bangladeshi economists have been saying for a long time is pretty much what the International Monetary Fund (IMF) has told our central bank and the government.
High inflation and low export and remittance earnings are a major cause for concern at the moment.
Bangladesh's foreign exchange reserves have declined to USD 37.06 billion after the central bank had cleared import bills to the Asian Clearing Union, an arrangement to settle payments for intra-regional transactions among member countries including Bangladesh.
