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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2018/11/30

Export earnings surpass $ 1 b for fourth consecutive month

The external sector came under pressure in September with the trade deficit widening due to imports despite export earnings growing 4.4%, surpassing $ 1 billion for the fourth consecutive month, the Central Bank said in its latest report.  The widening deficit in the trade account and the strengthening of the dollar, which resulted in outflows of portfolio investments, adversely impacted the balance of payments during the month. Despite earnings from exports, which surpassed $ 1 billion for the fourth consecutive month, higher growth in import expenditure outpaced the increase in export earnings. In the financial account, foreign investments in the government securities market recorded outflows responding to the firming up of global financial markets, the Central Bank said. - Daily Ft



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