Forex reserves fall to $37.06b

Forex reserves of Bangladesh slid to $37.06 billion on Thursday, following the routine payment worth $1.73 billion made to the Asian Clearing Union (ACU) against imports.

The Foreign exchange reserves were $38.94 billion on Wednesday and the payment of import bills to ACU brought down the reserves to $37.06 billion on Thursday, said a high official of the Bangladesh Bank.

The forex reserves hit the highest $48 billion in September last year, which are gradually decreasing due to the growing import payments.

On Thursday, the central bank sold $80 million to banks to meet their US dollar shortage.