continue to remain low, even as analysts at Cordros Research stressed the need to attract more foreign exchange inflow to replenish the depleting external reserves.
The reserves, according to the analysts, will remain adequate “over the short term, given inflows from the recently issued Eurobond and the IMF’s SDR. However, foreign inflows are paramount for sustained FX liquidity over the medium term, in line with our expectation that accretion to the reserves will be weak given that crude oil production levels remain quite low.
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