<span style="color: #000000;">Bangladesh's foreign exchange reserves continued to fall with the net reserves standing now at USD $ 15.82 billion.&nbsp;</span><span style="color: #374151;">In&nbsp;August 2021, Bangladesh's foreign exchange reserves were at record high USD $48.0 billion.</span><br />''<br />''<span style="background-color: #fefefe;">According to a report of the&nbsp;Bangladesh Bank, the country's reserve amount on 23 November stood at $19.52 billion&nbsp;</span><span style="color: #374151;">as per the calculation based on the International Monetary Fund's Balance of Payment Manual 6 (BPM6).&nbsp;</span><span style="background-color: #fefefe;">However,&nbsp;<span style="color: #121212;">the net foreign reserves has fallen below USD 16 billion</span>,&nbsp;</span><span style="color: #374151;">according to reports of local newspapers</span><span style="color: #000000;">.&nbsp;<br />''</span><br />''Bangladesh's foreign exchange reserves have been depleting&nbsp;fast since the beginning&nbsp;of the year 2022 due to international turmoil. High import bill due to raised commodity prices on the internal market during Covid-19 period and subsequent war in Ukraine and also a slowdown in remittances have led to dearth&nbsp;of dollars in Bangladesh.<br />''<br />''<span style="color: #222222;">Bangladesh Taka is continuously weakening against the US dollar due to dollar shortage. Bangladesh Bank releases dollars from its foreign reserve to stabilise Taka against USD and to settle imports bills. However, the rate remains volatile in the grey market too.</span><br />
News On AIR | November 28, 2023 8:06 PM
Bangladesh's net forex reserves drop to 15.82 billion