<div style="text-align: justify; "><span style="font-size: 1rem;">Bangladesh’s foreign exchange reserves continued to fall with the usable reserves standing now at USD $ 15.82 billion as per IMF guideline, according to banking sources familiar with the development on Tuesday (November 28, 2023).</span><br></div><div style="text-align: justify; "><br></div><div style="text-align: justify;">During the period of the COVID-19 pandemic two years ago, the reserves had soared to $48 billion, thanks to greater inflow of remittances amid reduced import demand. The reserves started decreasing since the eased import restrictions and impact of the Russia-Ukraine war.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The latest foreign exchange report of Bangladesh Bank (BB) revealed that the country's reserves on 23 November stood at $19.52 billion based on the IMF formula (Balance of Payments and International Investment Position Manual) or BPM6.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">As per the formula, the net reserves will be $3.7 billion less than the total reserve amount, the BB sources said.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The BB spokesperson Mezbaul Haque in this regard told UNB that foreign exchange from reserves is spent and deposited every day.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">It is a continuous process of a country, he said advising common people not to panic at the news of decreasing foreign exchange.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">In July, Bangladesh started calculating its foreign reserves according to a formula suggested by the International Monetary Fund – BPM6.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Following the new calculation, Bangladesh's gross foreign exchange reserves that time dropped by $26.44bn to $23.56bn. UNB</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/kh</div>