{"id":7753,"date":"2011-04-14T08:27:00","date_gmt":"2011-04-14T12:27:00","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=7753"},"modified":"2011-04-14T08:33:18","modified_gmt":"2011-04-14T12:33:18","slug":"foreign-reserves-higher-than-ever","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/04\/foreign-reserves-higher-than-ever","title":{"rendered":"Foreign Reserves Higher Than Ever"},"content":{"rendered":"<p>The Bahamas&#8217; foreign exchange reserves are &#8220;the highest they have ever been&#8221; at $1.122 billion, due to foreign currency inflows from the Bahamas Telecommunications Company (BTC) and BORCO sales, although it was likely to be another 12-18 months before economic recovery became broad-based enough to reduce unemployment.<\/p>\n<p>Wendy Craigg, the Central Bank of the Bahamas&#8217; governor, said the last time the Bahamas&#8217; foreign exchange reserves exceeded $1 billion was in November 2009, when they hit $1.033 billion after being boosted by the Government&#8217;s $300 million foreign currency bond issue, plus receipt of the International Monetary Fund&#8217;s (IMF) Special Drawing Rights (SDRs).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bahamas&#8217; foreign exchange reserves are at a record high of $1.122 billion, due to the Bahamas Telecommunications Company (BTC) and BORCO sales.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[29,98],"class_list":["post-7753","post","type-post","status-publish","format-standard","hentry","category-business","tag-economy","tag-financial"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/7753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=7753"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/7753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=7753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=7753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=7753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}