Central banks’ average import coverage ratio falls further
Upper-middle income institutions tend to have a higher ratio
Central banks’ average import coverage ratio narrowed further by 3.5% year on year, data from the Reserve Benchmarks 2023 showed.
The average import coverage ratio this year is 6.7 months, according to 42 respondents. Last year, it stood at 6.9 months. The institution with the highest ratio says its coverage is 30 months of imports.
In line with data from previous years, the highest average coverage ratio is recorded among upper-middle income central banks. The average coverage period in the
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