Dhaka, July 9 -- The foreign exchange reserves held by Bangladesh Bank have dropped below the $25 billion mark following the record payment of import bills through the Asian Clearing Union (ACU).
A total of $2.02 billion had been paid to ACU to cover the bills for the past two months - the highest since 2021, the central bank's executive director and spokesman Arif Hossain Khan told the media on Tuesday.
As a result, reserves calculated under the BPM6 method used by the International Monetary Fund (IMF) now stand at $24.45 billion. The gross reserve is slightly less than $29.52 billion, he added.
In July 2 this year, reserves under the BPM6 method were $26.68 billion, while gross reserves stood at $31.71 billion. The Net International Re...