I hope you will take the time to read this book written by present-day central bankers and edited by Dr. Valdepenas, who served as Member of the Monetary Board for a total of 14 years. Fellow central bankers, as we make a fresh start in 2010, let us always be mindful of the weight of both responsibility and history upon us.
Despite the reduction, the end-December 2018 GIR level of $ 79.2 billion is more than adequate and continues to serve as an ample external liquidity buffer. It is equivalent to 7.0 months’ worth of imports of goods and payments of services and primary income.