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Saturday, October 21 2017 @ 05:28 PM AST

Suriname reserves at lowest level since 2009

According to Central Bank online data, international reserves dropped 16.7% y-o-y to USD604.4 million in November 2014, which we estimate at 3 months of import cover. Moody’s recently affirmed the rating at Ba3 with a stable outlook, based on elevated economic and fiscal vulnerability to commodity price fluctuations, tempered by a low debt burden and growth prospects.

SOURCE: RBC Caribbean Economic Report, December 2014

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