Bahrain’s central bank foreign currency assets rose by almost $800 million in June from May, recovering further from pandemic lows, Reuters has reported quoting HSBC.
“However, the rise means that reserves have risen 50 per cent in the space of a year to their highest level since Q4 2015, continuing the recovery from Covid-19-era lows when holdings fell to just $770m,” Simon Williams, HSBC chief economist for Central and Eastern Europe, Middle East and Africa, said in a research note .
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