Reserves fall below $19 billion, first time since 2023’s July

Bangladesh’s foreign exchange reserves have dropped below $19 billion for the first time this fiscal year, hitting $18.26 billion after the central bank settled $1.63 billion in import bills through the Asian Clearing Union. The country’s gross forex reserves stood at $19.82 billion on May 8 as per IMF calculation, while Bangladesh Bank’s method puts the current reserves at $23.71 billion, down from $25.27 billion on May 8. source:thedailystar