NASSAU, BAHAMAS — The country’s external reserves grew by $70.2 million to just over $2.9 billion in April according to recent data from the Central Bank.

The regulator in its Monthly Economic and Financial Developments report for Apri,l noted that during the review month, external reserves grew by $70.2 million to $2,968.3 million, extending last year’s $12.7 million gain.

“Contributing, the Central Bank’s net sales to the public sector moderated to $61.8 million from $117.1 million in 2023. This more than cushioned the reduced purchases from commercial banks to $118.1 million from $127.4 million in the preceding year. Further, commercial banks’ net intake from their customers reduced to $87.6 million from $104.2 million in the same period last year,” the regulator noted.

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