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Tuesday, 08 May 2012 - 18:30
A Decision to limit imports
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Central bank governor Ajith Nivard Cabraal states that there are plans to limit imports this year.

In a press conference held at the Central bank today he stated that according to the policies of the government import limits will change and that the limit of imports for the year is set at 20.9 billion dollars.

In the first quarter of 2012 the country's import expenses has risen to 5.2 billion dollars and the targeted economic growth of the first quarter is expected to drop from 8% to 7.2%.

Meanwhile the governor of the Central bank stated that the decision pertaining to the relationship that is to be maintained with the IMF is to be determined next month.

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