Bangladesh’s financial account registered a deficit of USD 3.965 bln in the first four months of the current fiscal year (July-October), a significant shift from the USD 1.276 bln surplus in the same period of FY23. This deficit reflects changes in foreign direct investment, foreign loans and grants, and portfolio investments. The trade services stood at USD 1.699 billion during this period. The central bank sold around USD 27 bln from its FX reserves over the past 29 months to manage the economic situation.