Net International Reserves at the end of September was US$2,200.57 million. September’s Reserves of US$2,200.57 million is the highest it has been since June 2011.
At current exchange rates,this amount represents enough reserves to purchase 27.17 weeks of Goods Imports and 19.52 weeks of Goods & Services Imports based on the estimated value of imports for the 2014/2015 fiscal year.
The country’s Reserves (NIR) grew by 4% or US$79 million from US$2,121.49 at the end of August to US$2,200.57 at the end of September.
During September a payment was made to the International Monetary Fund (IMF), reducing total amount owed by US$30 million.