Forex falls below $20b under BPM-6 standards

Bangladesh's foreign exchange reserves have once again dropped below $20 billion, driven by import bills and foreign debt repayments, reports UNB.

The foreign exchange crisis in Bangladesh persists, leading to a decline in reserves to $19.93 billion as of January 22, according to the International Monetary Fund's (IMF) BPM-6 standards. On the same day, total reserves stood at $25.22 billion, as reported by Bangladesh Bank.

On January 15, the reserves were $21.3 billion under BPM-6 standards, with total reserves at $25.18 billion. Over the last six days, reserves have decreased by $200 million under BPM-6.

Additionally, there is another calculation of net or actual reserves, which the central bank does not disclose. Sources indicate that the country's usable or actual reserves now stand below $16 billion.

These real reserves, free of liabilities, are calculated as per IMF guidelines provided during loan arrangements.