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Central
Bank said yesterday that the country’s total foreign
reserves as at end November was at US$ 3.9 billion and
they are sufficient to finance 3.3 months of imports.
The disclosure was to correct what it described as some
incorrect data published in media hence “are grossly
misleading the public and business community.”
The
Bank said the country’s total reserves as at end
November 2008 stood at US Dollars 3,914 million which
is sufficient to finance 3.3 months of imports.
“Country’s total external reserves include
gross official reserves held by the Central Bank and
government, and external reserves of domestic commercial
banks,” the Bank said.
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