BD’s forex reserves see over half a billion dollar dip amid wide sales in a week

Bangladesh's foreign exchange reserves have dropped by $533.82 million in just a week, central bank data shows.

The decline occurred as Bangladesh Bank sold US dollars to commercial banks to a large extent, local media reported, citing the banking regulator’s data.

According to the central bank data, the nation's foreign currency reserves were recorded at $19.45 billion on March 27, a decrease from $19.98 billion on March 20.

In early March, the reserves stood above $21 billion, but the amount later went below $19 billion due to a $1.35 billion payment to the Asian Clearing Union and ongoing US dollar sales to banks.