Reserves were $19.87 billion a week ago
After a prolonged period of crisis, the foreign exchange market in Bangladesh, especially the interbank forex market, is showing signs of recovery, driven by a rebound in remittance receipts and key policy interventions by the central bank.
Bangladesh’s foreign exchange reserve has dropped to $19.44 billion after the payment of $1.37 billion in import bills of July and August.
$1.42 billion of import bills for May and June were paid through Asian Clearing Union (ACU)
Bangladesh’s foreign currency reserves are set to receive as high as $2 billion this month, which may send the total to nearly $21 billion, handing a much-needed relief to the US dollar supply.
Bangladesh's foreign currency reserves have reached $19.2 billion, an increase by $538 million from a week ago
$1.63 billion of ACU payment was settled today
The reserves hit $19.83 billion on May 8
Under the currency swap agreements introduced last month, the banking regulator took $1.17 billion from commercial banks and injected around Tk 20,000 crore in the form of local currencies into the banking system, according to several central bankers.
Bangladesh has failed to meet IMF’s target on keeping $17.78 billion as the minimum net international reserve as of December 31 last year
The International Monetary Fund has set a new minimum foreign exchange reserves target for Bangladesh as the reserves have dropped at a faster-than-expected pace.
IMF will give $689 million, ADB $400 million and other sources $220 million
It decreased by $60 million in a week
The reserves hit $21.15 billion on Sep 26
It hit $29.97 billion on May 24