Country's Current Account Surplus Exceeds $3 Billion, Forex Reserves Drop

Sunday, 10 March 2024, 12:45

The recent update reveals that the country's forex reserves have fallen below $20 billion following an ACU payment. However, there is a positive note as the current account surplus has surpassed $3 billion in the initial seven months of the fiscal year, a significant improvement from last year's deficit of $4.6 billion. This shift can be attributed to a notable decrease in import expenditure.

https://store.livarava.com/8b617072-df10-11ee-9661-5254a2021b2b.jpe — Country's Current Account Surplus Exceeds $3 Billion, Forex Reserves Drop

Forex Reserves Decline

The latest data indicates a drop in the country's forex reserves, slipping below the $20 billion mark.

Current Account Surplus Growth

The country's current account surplus has surged past $3 billion, a stark contrast from the previous year's deficit of $4.6 billion.

Despite the decline in forex reserves, the positive performance in the current account underscores an encouraging trend towards financial stability.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Forex Reserves Decline

Current Account Surplus Growth

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