WILLEMSTAD/PHILIPSBURG:--- “Gross official reserves dropped by NAf.197.8 million during the third quarter of 2019, as the external financing and capital transfers from abroad were lower than the deficit on the current account of the balance of payments,” explained Dr. Jose Jardim, interim president of the Centrale Bank van Curaçao en Sint Maarten in the Bank’s third Quarterly Bulletin of 2019. “Meanwhile, the import coverage went down from
4.5 months at the end of June 2019 to 3.6 months at the end of September 2019,” Jardim
added.
He explained that the deficit on the current account of the balance of payments
To read more: http://www.smn-news.com/st-maarten-st-martin-news/34365-gross-official-reserves-and-import-coverage-decline.html"
