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Sunday, 7 March 2021

Foreign reserves inch up c. USD 100 mn in February

The nation’s foreign currency reserves rose nearly USD 100 mn in February, ending the month at USD 40.2 bn, according to central bank figures. Foreign reserves had increased USD 38.2 mn in January, after shooting up by almost USD 800 mn in December 2020 to their highest level since last April. Foreign reserves had dropped by almost USD 10 bn during the height of the covid-19-driven market panic last year, and are still short of their February 2020 USD 45.5 bn high.

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  • Internet service providers are now required to send out notifications to their customers when data usage hits 50%, 75%, and 100% under new guidelines from the National Telecom Regulatory Authority.

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