The foreign exchange market witnessed an increased confidence among its operators and this is proved by the increased volume and frequency of foreign exchange transactions among commercial banks, which peaked to 181.4 million in 2006, against 39.5 million in 2005. External sector developments (BoP) Ladies and Gentlemen According to information reported to September 2006, our Balance of Payments shows encouraging results.
However, it still depends significantly on external support, making us more exposed to exogenous shocks, whose macroeconomic impacts are not always easy to predict. Our Country is totally dependent on imports of liquid fuels. The rise of Brent price in the international market results prejudicial in the behaviour of domestic inflation and international reserves.