Therefore, while we will continue to take a pragmatic approach, which I will outline in a moment, our approach has to recognise that it is still plausible that there will be a “hard Brexit” less than year from now.
Preliminary data shows that the country’s gross international reserves (GIR) rose to $ billion as of end-August 2019. At this level, the GIR can cover up to 7.5 months’ worth of imports of goods and payments of services and primary income. The country’s external debt remained manageable.