Forex reserves slide to $20 billion after clearing ACU bill

Bangladesh Bank's foreign exchange reserve has decreased to US $20 billion following the payment of the Asian Clearing Union (ACU) import bill.

The ACU bill for the last two months (November and December) was paid with $1.67 billion. After clearing the ACU bill, the country's total foreign exchange reserves stood at $24.9 billion, said central bank Spokesperson and executive Director Husne Ara Shikha on Thursday.

According to the International Monetary Fund (IMF) BPM-6 calculation standard, the reserves are now at $20 billion.