Bangladesh's foreign exchange reserves fell to $26.43 billion today, down from $28 billion on November 6, according to the International Monetary Fund's calculation method.
The reserves declined after $1.61 billion in import bills were settled through the Asian Clearing Union (ACU).
Tehran-based organisation ACU facilitates payment settlements among nine member countries: India, Bangladesh, Bhutan, Iran, the Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka.
Under the ACU mechanism, Bangladesh clears its import bills every two months, leading to a temporary decline in reserves after each payment.
Foreign exchange reserves, which had dropped below $20 billion in the first half of last year, have been rising in recent months, buoyed by increased inflows of remittances and export earnings.
FP/MI
DMP chief gives ‘open fire’ order against arson and crude bomb attacks
Man held for felling 50 Bakul trees on Dhaka-Chattogram highway
5 more die of dengue; 1139 hospitalised in 24 hours
Truck set fire in Kushtia
Winter vegetables arrive in markets, prices remain high
Awami League central office at Gulistan set on fire
Govt approves Tk 27.82cr self-defence training project for youths
Hamza, Zayan in Starting XI, Shamit-Cuba on the bench
DU chemistry professor arrested over sexual harassment of male students
