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| Topic: |
Business
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| Number of pages / Number of words: |
36 / 9829 |
Essay's paper body
This resulted in an equivalent rise in the foreign reserve assets with the CBE. The overall BOP surplus was an outcome of the US$ 1.8 billion surplus on the current account and the rise in the net inflows of the capital and financial account to US$ 3.5 billion during FY 2005/06. The current account surplus was ascribed to the services surplus and the increase in unrequited transfers (net) on the one hand, and the higher trade deficit on the other...
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This resulted in an equivalent rise in the foreign reserve assets with the CBE. The overall BOP surplus was an outcome of the US$ 1.8 billion surplus on the current account and the rise in the net inflows of the capital and financial account to US$ 3.5 billion during FY 2005/06. The current account surplus was ascribed to the services surplus and the increase in unrequited transfers (net) on the one hand, and the higher trade deficit on the other...
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General points of the essay
Foreign Exchange Reserve
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