Reserves fell to 18 billion due to the repayment of Akure’s liabilities.

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Reserves fell to 18 billion due to the repayment of Akure’s liabilities.

1.5 billion dollars in import liabilities have been cleared through the Asian Clearing Union (ACU). After paying the liabilities of the two months of September and October last Thursday, the country’s foreign exchange reserves were adjusted last Monday. In this, the net reserve of foreign currency has decreased to 1 thousand 845 million dollars. At the same time, the gross reserve also decreased. It has come down from around 2,600 million dollars to 2,420 million dollars.

According to sources, the net reserve was 280 million dollars last Thursday. After paying 1.5 billion dollars for Akur’s liabilities, it fell to 1 thousand 845 billion dollars last Monday.

At the same time, gross reserves were 2 thousand 573 million dollars on Thursday. On Monday, it fell to $2,420 million.

The central bank is making deposits, the flow of remittances sent to expatriates in the country is also increasing. At the same time, export earnings, foreign grant and loan flows have also started to increase. This increases the flow of foreign currency. As a result, the reserve will again exceed 2000 million dollars within this month.

You will not have to pay such a large debt at once before next January. As a result, reserves will continue to increase. In the first week of January, you will have to pay the arrears for the months of November and December. Before this regular import filing as well as short and term loan installments will be paid regularly.

Through Aku, Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka import and export goods within two months. Every two months the central bank of the countries balances the accounts and adjusts the liabilities. Bangladesh imports more from Akur countries and exports less. That is why Bangladesh has to repay the debt in every installment.

This information is known from Central Bank sources.

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