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Kerm @_Kermit55 on x XXX followers
Created: 2025-07-26 11:27:38 UTC
Forex reserves increased by ~$21bn between 2020 and 2025. $7bn due to gold price increase, $3bn by additional IMF SDR allocation. FX increased by $11bn - about XX% WB loan but mainly from trade surpluses and FDI
Correct that loans not for local expenditure. Used for imports and retained as forex reserves.
XX engagements
