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Friday, 26 October 2012 - 13:22
Reserves down US$ 46mn
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The country’s dollar reserves fell by 46 million dollars in August 2012 as short term capital inflows and government borrowings continue to shore up reserves.

The Central Bank yesterday said gross official reserves reached 7,053 million dollars as at end August, down from 7,099 million dollars the previous month.

Inflows to the government had increased 35.7 percent to 4,263.2 million dollars during January-August 2012 from 3,141 million dollars a year earlier, an increase of 1,122.2 million dollars during the eight month period.

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