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Bangladesh's Forex Reserves Increased: Bangladesh's foreign currency reserves have risen to $18.61 billion on May 21, an increase of $180 million from a week ago, central bank figures showed.
Ever since the imposed tightening on imports from April-May 2022 by Bangladesh Bank, the import payment with the Asian Clearing Union (ACU) has gradually come down, along with the total import bill. However, the amount of this bill has started to rise since May-June 2023....
$1.17 billion of ACU payment was cleared today
Third, the Ministry of Finance, Minister of Foreign Affairs and Regional Integration, and Bank of Ghana, together with their development partners like the World Bank, need to come to a judgment as to whether or not remittances are likely to be a permanent phenomenon in Ghana’s Balance of Payments (BoPs). Drawing on the experience of other countries which have managed significant inflows of remittances (Bangladesh, El Salvador, Jordan) could be an important starting point. Also, conducting a comprehensive survey to assess the actual scale of remittances and labour migration would help the aut...
Better tracking of remittance flows could give central banks valuable insights to support policy