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Bahamas Confident Of Robust Foreign Reserves

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Bahamas Confident Of Robust Foreign Reserves

The Bahamas government is confident that the country’s foreign reserves will remain robust, despite the typical drawdown that occurs at this time of the year as businesses stock up.    Minister of Economic Affairs Michael Halkitis says the tourism sector has sustained enough growth since the start of the pandemic to ease the worry of significant drawdowns on the reserves.   Central Bank Governor John Rolle says foreign exchange inflows this year have surpassed inflows for 2020.

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