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Bangladesh’s gross foreign exchange (forex) reserves remain above the US$31 billion mark, even after settling import payment obligations worth US$1.60 billion to Asian Clearing Union (ACU) member countries on Sunday.
After the payment for the September-October period of 2025, the country’s gross forex reserves came down to $31.14 billion on Sunday from $32.71 billion on the previous working day.
“We’ve been working to build up our foreign exchange reserves since August 2024. Our reserves now stand at a satisfactory level, even after making the routine payment to the ACU,” a senior official of Bangladesh Bank (BB) told The Financial Express (FE) in response to a query.
He also said higher inflow of remittances, along with steady growth in export earnings, has helped boost the country’s forex reserves.
Purchasing of the US dollar from the commercial banks by the central bank has also contributed to growing the forex reserves recently, the central banker added.
The central bank has so far bought $2.16 billion from banks directly through auctions since July 13, last under the prevailing free-floating exchange rate arrangement.
The BB officials, however, said the central bank has already remitted the fund to the ACU headquarters in Tehran in line with the existing provisions of the union.
As per the existing provisions, outstanding import bills and interest thereof are to be paid by member countries at the end of every two months.