Suriname reserves at lowest level since 2009
Friday, January 02 2015 @ 01:00 PM AST
Contributed by: michaelariston
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