Import cover falls below Dec levels as forex kitty shrinks

The reserves hit an all-time high of $642.453 billion on September 3 last year which was enough to cover nearly 15 months of imports on a balance of payments basis. The ratio of short-term debt to reserves increased to 18.1% at the end of December 2021 from 16.5% in end-September 2021.      

Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.
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