Forex reserves increasing gradually: BB governor

Foreign exchange reserves of the country are gradually increasing and stabilising.

In an interview with popular news agency UNB on Sunday (October 20), Bangladesh Bank (BB) Governor Dr Ahsan H Mansur said, “The reserves, which had been depleting by 1.3 billion USD per month under the previous government, are now seeing a more positive trend. "

“A significant amount has already been paid for fertilisers, electricity, and obligations to Adani-Chevron,” he said.

In the past two months alone, the central bank has successfully reduced deferred payments from USD 2.5 billion to USD 700 million by paying off USD 1.8 billion in outstanding liabilities for energy and other essential services.

As of October 8, Bangladesh's foreign exchange reserves stood at USD 19.82 billion as per BPM6 calculations, while the gross reserves reached USD 24.97 billion.