Forex reserves drop normal, says rbm - The Nation Online:
Forex reserves drop normal, says rbm
Orama Chinamulungu O January 25, 2018 o Comments
The Reserve Bank of Malawi (RBM) and some economists have said the marginal decline in the
foreign exchange reserves is seasonal and a normal occurence on the market.
In recent months, the central bank has maintained a foreign exchange reserves position of about
three months of import cover, which is the minimum recommended international threshold, a
situation attributed to open market operations— the buying and selling of government securities
in the open market to expand or contract money supply.
'via Blog this'
Forex reserves drop normal, says rbm
Orama Chinamulungu O January 25, 2018 o Comments
The Reserve Bank of Malawi (RBM) and some economists have said the marginal decline in the
foreign exchange reserves is seasonal and a normal occurence on the market.
In recent months, the central bank has maintained a foreign exchange reserves position of about
three months of import cover, which is the minimum recommended international threshold, a
situation attributed to open market operations— the buying and selling of government securities
in the open market to expand or contract money supply.
'via Blog this'
No comments:
Post a Comment