Revised June Figure Shows GIR at All-Time High of $85.28 Billion

Gross international reserves (GIR) reached an all-time high of $85.28 billion in June amid the steady increase in the central bank’s gold holdings and gains from foreign exchange operations. This exceeded the previous record of $85.27 billion in January 2013. The central bank initially reported the June GIR level at $83.97 billion. The revised figure could cover 10.4 months’ worth of imports. End-year forecast is $82.7 billion, equivalent to nine…

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