Gross reserve falls to $20.46 billion after ACU payment
Earlier on 2 July, gross reserve increased to $21.79 billion after $2 billion inflow of loans from IMF and other multilateral donors
Representational image. Photo: Collected
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Representational image. Photo: Collected
Bangladesh’s gross reserve fell to $20.46 billion on Wednesday after Asian Clearing Union (ACU) payment.
The Bangladesh Bank made payment of ACU liability amounting to $1.42 billion, said a Bangladesh Bank spokesperson.
Earlier on 2 July, gross reserve increased to $21.79 billion, according to the Balance of Payments and International Investment Position Manual (BPM6), after a $2 billion inflow of loans from IMF and other multilateral donors.
Earlier in May, Bangladesh cleared $1.6 billion in payment for the March-April period with the ACU.
Central bank officials said the amount of payment increased this time as import cost increased during to the Eid-ul-Adha.
