Forex reserves now $19.38bn after ACU payment

Bangladesh’s foreign exchange reserves dropped from $20.8 billion on September 8 to $19.38 billion on September 18, primarily due to a $1.37 billion payment to the Asian Clearing Union for import bills. The central bank has stopped selling dollars from its reserves since the political changes in August, and the decline is not expected to affect the reserves significantly. The Bangladeshi Taka has also weakened against the US dollar due to dollar shortages and pressures on banks to settle import payments.READ FULL