Budget Debate: NIR strong, will serve as buffer amid rising oil prices, says Williams
Finance Minister Fayval Williams has sought to assure that the Net International Reserves (NIR) which stand at US$6.83 billion as at March 5, 2026, is a significant buffer in the face of rising oil prices which have resulted from the ongoing war in the Middle East. “If we take the gross rather than the net reserves and measure it in weeks of goods and services imports, that would be 36...
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