Gross Official Reserves reach US $ 7,099 m
Gross Official Reserves increased to US dollars 7,099 million by end
July 2012 from US dollars 6,045 million at end June 2012.
This level of reserves is equivalent to 4.2 months of imports. The
final tranche of the IMF-SBA facility as well as the proceeds of the
fifth international Sovereign Bond, inflows on account of services and
workers' remittances, inflows to the government to finance various
infrastructure projects, foreign direct investments and portfolio
investments have helped raise the country's foreign reserves to such
level. |