Bangladesh’s foreign exchange reserves decline to $34.64b

DHAKA: Bangladesh’s gross foreign exchange reserves have declined to $34.64 billion, according to the Bangladesh Bank’s own accounting method.

Under the International Monetary Fund’s (IMF) Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), the country’s reserves stood at $29.82 billion.

The figures were updated as of Thursday (November 12), Bangladesh Bank spokesperson Arif Hossain Khan confirmed.

According to central bank sources, the country’s gross reserves stood at $34.99 billion on Tuesday (November 10), while reserves under the BPM6 method were recorded at $30.12 billion.

On Monday, gross reserves stood at $34.95 billion, while BPM6 reserves amounted to $30.09 billion.

Earlier, Bangladesh paid $1.64246 billion in import bills to the Asian Clearing Union (ACU).

Following the payment, the country’s gross foreign exchange reserves fell to $34.85581 billion on October 5. Under the IMF’s BPM6 method, reserves declined to $29.98575 billion.