Forex reserve slips to $20 billion

The country is still facing dollar crisis due to various reasons, and the government is meeting various liabilities including import expenditure from the reserve.  As a result, Bangladesh’s foreign exchange reserve slipped to 20 billion dollars at the end of March. 

According to Bangladesh Bank data, the reserve of foreign currencies was $26.34 billion as on March 6.

According to the calculation, the Asian Clearing Union (ACU), Bangladesh’s foreign currency reserves fell by $533.82 million in just a week due to a selling spree of the American greenback by the central bank to the commercial banks.

The reserve of foreign currencies stood at $19.45 billion as on March 27, down from $19.98 billion on March 20.