The trade deficit continued to remain modest in April 2023, compared to a year ago, though it recorded a month-on-month increase for the second consecutive month.
Workers’ remittances and earnings from tourism improved notably in April 2023, compared to the same period of the previous year.
The notable appreciation of the exchange rate that commenced in early March 2023, continued through April 2023.
Foreign investments in the government securities market recorded a notable net inflow during the month.
Gross official reserves improved further by end April 2023 with the net absorption of foreign exchange by the Central Bank from the domestic foreign exchange market.
Published Date:
Wednesday, May 31, 2023