- Feb 4, 2014
- Reaction score
FE REPORT | Published: January 20, 2023 08:59:35 | Updated: January 20, 2023 16:35:50
Bangladesh's foreign exchange reserves stood at US$32.48 billion on Thursday, following a payment of over $1.1 billion to the Asian Clearing Union (ACU) last week.
The reserve was $33.75 billion at the end of December last, according to Bangladesh Bank statistics.
In June last year, the forex reserve was $41.83 billion and in January 2022 it was $45.2 billion.
Due to high import payments, the reserve started declining in May last year.
The global supply chain interruptions caused by the Russia-Ukraine war have had a significant impact on the forex market and reserve, officials said.
The ACU is an arrangement to settle payments for intra-regional transactions bimonthly among the member countries, including Bangladesh.