The standard benchmark of foreign reserves is under study at the moment especially at the IMF given the growing complexity of our financial system and the associated increased vulnerability factors. We are doing well and at the moment, our foreign reserves level at $ billion is sufficient to cover around 4.8 months of goods and non-factor services.
BIS central bankers’ speeches  3  d.  Minor observation – It was noted in the first paper that we have six banks – we have four commercial banks and a development bank. Conclusion With the current challenges in our economic environment both globally and domestically, the Reserve Bank has been proactive in its roles to support our economic recovery.