Gross International Reserves Hit Record High of $85.899-Billion in September

Gross international reserves stood at a record $85.899 billion in September, $107.5 million higher than the previous all-time high of $85.792 billion in August. The increase was attributed to the national government’s net foreign currency deposits, the central bank’s foreign exchange operations, as well as its income from investments abroad. The figure could cover 10 months’ worth of imports of goods and payments of services and income…

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