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.
Foreign exchange reserves in Bangladesh slipped below $39 billion owing to high import payments.
Foreign exchange reserves in Bangladesh have slipped below $40 billion after the Bangladesh Bank cleared the import payments to the Asian Clearing Union (ACU).
