There are also risks in terms of increases in fuel prices as the global economy picks up. Inflation has been forecast at 9.5 percent for this year and next year we expect to see it falling gradually to 2.0 percent. Foreign reserves Foreign reserves are now around $ million.
It is a little difficult at this stage to be precise in this measure as we do not have sufficient time series data on imports. As you can understand, with the devaluation, imports have started to decelerate and it will take us a few months to know exactly what the impact of devaluation is on total imports.