February GIR Down to $81.13 Billion

Gross international reserves amounted to $81.13 billion in February, $244.2 million lower than the revised $81.37 billion booked in January. This was due mainly to outflows arising from the central bank’s foreign exchange operations and payments made by the national government for its maturing foreign exchange obligations. The level could cover 9.2 months’ worth of imports. For this year, the target is $84.7 billion, equivalent to 8.8…

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