content tagged with foreign exchange reserves

Foreign exchange reverses of the Central Bank have exceeded 115 billion dollars, the president has said. The bank's net reserves excluding swap deals stand at minus 46 billion dollars.

The main opposition party accuses the government of causing the Central Bank to run out of foreign exchange reserves and asks where the money has been spent.

The opposition accuses the government of draining the Central Bank's foreign exchange reserves in a bid to prevent the US dollar's hike.