Central Bank of Bahrain's Net Foreign Assets Drop to Six-Month Low
2018-04-14 - 10:03 p
Bahrain Mirror (Reuters): Net foreign assets at Bahrain's central bank dropped to a six-month low of 604.8 million dinars ($1.60 billion) in February from 750.8 million dinars in January, the central bank said on Tuesday.
The reserves have been depleted as the country runs a current account deficit caused by low oil prices. Before 2014, when oil prices began to plunge, net foreign assets totalled close to 2 billion dinars.
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