Bahrain's forex reserves rise

DUBAI - Foreign currency reserves in Bahrain have grown to $1.8 billion at the end of 2003, a figure that represented a $670 million climb over the previous year, that meant a positive development as suggested by 'International Financial Statistics.'

By A Staff Reporter

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Published: Sun 2 May 2004, 9:37 AM

Last updated: Thu 2 Apr 2015, 12:22 PM

Informed sources in the stock market said that the US dollar has clinched the lion's share of the said reserves against other currencies due to its firm linkage to the Bahraini economy especially in the oil-exports, aluminium and petrochemical sectors.

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