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Bahrain central bank down to USD1.78bn in net foreign assets
(MENAFN) The Bahrain central bank was shown in official data to have recorded a decline in its net foreign assets in May this year.
The drop could raise concerns over Bahrain's capability to protect its currency against a current account deficit and growing public debt.
The central bank announced its assets to have seen a fall to settle at USD1.78 billion in May, with a decline also seen in net foreign assets of Bahrain's retail banks to minus 1.20 billion dinars.
The net foreign assets of the central bank and retail banks have together dropped to minus 526.1 million dinars in May, hitting a record-low.
The drop could raise concerns over Bahrain's capability to protect its currency against a current account deficit and growing public debt.
The central bank announced its assets to have seen a fall to settle at USD1.78 billion in May, with a decline also seen in net foreign assets of Bahrain's retail banks to minus 1.20 billion dinars.
The net foreign assets of the central bank and retail banks have together dropped to minus 526.1 million dinars in May, hitting a record-low.
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