The Bangladesh Bank has cleared $1.42 billion in liabilities to the Asian Clearing Union for the months of May and June.
Following this transaction, Bangladesh鈥檚 gross reserve stands at $26.171 billion, while reserves as per the IMF鈥檚 BPM6 formula are at $20.467 billion as of Tuesday.
Md Mezbaul Haque, executive director and spokesperson for the Bangladesh Bank, confirmed the payment.
The ACU, headquartered in Tehran, Iran, is an international transaction settlement system.
It facilitates transactions between Bangladesh, Bhutan, India,
Iran, the Maldives, Myanmar, Nepal, Pakistan and Sri Lanka, with respective central banks settling import amounts every two months.
