Economist Eddie Cross writing for the Newsday said the foreign currency shortage in this country is gone. Cross was listing his Christmas wishlist when he said:
…We are no longer short of foreign exchange. In 2019, the fundamental reforms implemented under the Transitional Stabilisation Programme have given a huge boost to our export industries and official inflows of hard currency has exceeded our needs for the very first time in many years. My estimate is that total receipts this year will exceed US$7 billion while direct imports of all our essentials will only reach US$5,6 billion.
However, fuel, medication and electricity are still in short supply despite Eddie’s declarations.
More: Newsday
Pindula WhatsApp Channel
Facebook Page
Leave a Reply