Reserves as per IMF formula now $20.467b after clearing ACU liabilities: Bangladesh Bank

Bangladesh Bank has cleared US$ 1.42 billion in liabilities to the Asian Clearing Union (ACU) for the months of May and June.

Following this transaction, Bangladesh’s gross reserve stands at $26.171 billion, while reserves as per the IMF’s BPM6 formula are at $20.467 billion as of Tuesday.

Md Mezbaul Haque, executive director and spokesperson of Bangladesh Bank, confirmed the payment.

The ACU, headquartered in Tehran, Iran, is an international transaction settlement system. It facilitates transactions between Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, with respective central banks settling import amounts every two months.