Bangladesh Bank has cleared USD 1.42 billion in liabilities to the Asian Clearing Union (ACU) for the months of May and June.
Following this transaction, Bangladesh’s gross reserve stands at $26.171 billion, while reserves as per the IMF’s BPM6 formula are at $20.467 billion as of Tuesday.
Bangladesh’s net international reserve now over $16 billion
Md Mezbaul Haque, executive director and spokesperson of Bangladesh Bank, confirmed the payment.
Bangladesh’s forex reserves 24.16 billion as of May: Finance Minister tells Parliament
The ACU, headquartered in Tehran, Iran, is an international transaction settlement system. It facilitates transactions between Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, with respective central banks settling import amounts every two months.
Bangladesh forex reserves soar to $19.53bn boosted by remittance