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Foreign reserves inch up 0.5% w/w to USD 58.8bn. 

Foreign reserves inch up 0.5% w/w to USD 58.8bn.  The Central Bank announced that foreign reserves increased 0.5% w/w or USD 296mn to USD 58.8bn as of Dec 8. The bank’s reserves jumped a by 16.3%, or USD 8.3bn between end-2005 and Dec 8. In mid-April, the bank’s reserves had reached a record level USD 60.4bn before they declined to USD 56.7bn as of July 30, following strong volatility in May-June.

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