Jumbangla Desk: In the last 15 days, foreign exchange reserves have increased by 355.9 million dollars. According to the IMF's accounting method BPM6, the current reserve amount stands at 1 thousand 873 crore 59 lakh 70 thousand dollars. If this trend continues, the amount of this reserve is expected to touch 20 billion dollars within the next one and a half months.
This information was highlighted in the latest report of Bangladesh Bank on Thursday (November 28).
Foreign exchange reserves fell below $19 billion in mid-November after two months of Asian Clearing Union (ACU) bill payments. After paying Aku's bill, the amount of reserves stands at 1843 billion 70 thousand dollars or 18.43 billion dollars. But, as expatriate income has remained consistent, foreign exchange reserves have started to increase again.
According to the latest updated data, on November 28, the reserves increased to 1 thousand 873 crore 59 lakh 70 thousand dollars.
At the same time, the total amount of reserves, including various funds in foreign currency, stood at 2,445,62,10,000 dollars. However, net reserves are still below $14 billion.
Incidentally, every two months Aku bill has to be paid. Which amounts to about two billion dollars. Controlling imports of less essential or luxury goods reduces import costs. This also affects the reserves in the Aku region. Bangladesh has to pay 1.50 billion dollars in the two months of September-October.
The import bill of Aku region for November-December is to be paid by mid-January. At that time, the foreign exchange reserves will again decrease by one and a half billion dollars. However, before that, the current reserves are expected to increase and touch 20 billion dollars again.
Aku is an international transaction settlement system. Through which transactions between Bhutan, India, Iran, Maldives, Myanmar, Nepal and Pakistan are settled in addition to Bangladesh. Its headquarters are in Tehran, the capital of Iran. In this system, the central bank of the respective countries pays the import amount every two months.
Bangladesh has to pay the installments of foreign loans and loans on a daily basis except for the import and export expenses of Aku region. The government has to sell dollars from reserves to pay for emergency import expenses. As a result, the dollar continues to depreciate. On the other hand, certain part of foreign loans, grants, expatriate income is deposited as reserves in Bangladesh Bank. Basically, foreign exchange reserves have increased by $305.9 million in the last 15 days as expatriate income continues to grow.
