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The reserves had been at $39.77 billion on Tuesday, Bangladesh Bank’s spokeesman Serajul Islam mentioned. The overseas alternate reserves had been $46.54 billion a yr in the past.
At the present charges of import prices, it is going to be attainable to clear import payments of six months.
The nation’s exports have grown, however imports have surpassed exports whereas remittances have fallen.
Rising costs and transport prices amid the restoration from the consequences of the coronavirus pandemic and the Russia-Ukraine warfare have additionally put stress on Bangladesh’s reserves, with the US greenback costs hovering in opposition to the taka.
The authorities have taken a slew of measures, together with restrictions on the imports of luxurious merchandise, to avoid wasting greenback reserves. The authorities has additionally suspended spending on low-priority tasks and forieign excursions of officers.
The measures have had some results on the import prices, which fell to $6.74 billion in May from $7.5 billion on common in the earlier months.
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