The key Interest rate was pegged at 200% at the beginning of the year. It was initially reduced to 150% and has further been cut to 140%.
The country received US$1.78 billion in foreign currency between 1 January and 15 March but paid out only US$1.69 billion.
Local transactions amounted to $10.6 trillion in the five months from October while transactions in US dollars stood at US$7.5 billion during the same period.
Below is the full monetary policy statement released last week:
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This post was last modified on April 4, 2023 9:49 pm
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