In the last one week, the country’s net reserves have increased by 190 million dollars. At the same time the gross reserve has increased by 15 million dollars. This information was obtained from the report of Bangladesh Bank published on Thursday.
According to the report, the country’s reserves have started to increase after the payment of 137 million dollars due to Asian Clearing Union (ACU) debt earlier this month. Net reserves have increased by 190 million dollars in the last one week. And the gross reserve increased by 15 million dollars. Net reserves have increased mainly due to the shift of dollars from gross reserves to net reserves.
The report also said that earlier this month, 137 million dollars was paid for Akur’s debt. After paying off such large sums of debt, the general reserve was reduced by more than $1 billion. Not so this time. The central bank increased reserves by buying dollars from commercial banks before the Akur debt was repaid. Due to which the net reserve came down to 1 thousand 938 million dollars after paying the debt.
Last week it increased to 1 thousand 944 million dollars. Last Thursday, net reserves increased to 1 thousand 957 billion dollars. Gross reserves were $2,452 million last week. At the beginning of the day last Thursday, it increased to 2 thousand 468 million dollars. After the new government came to power, the remittance flow started increasing. In August, remittances came in at $2.22 billion.