The Royal Monetary Authority (RMA) handed over a net surplus of over Nu 1.5bn to the finance ministry today. The amount is the annual surplus of the financial year 2017-2018.
It is an increase of close to Nu 550 M from the surplus transfer of the financial year 2016-2017.
The RMA, in a news release, said the increase in its annual surplus reflects, to some extent, better reserve management, with the net interest income from the investment contributing over Nu 249 M.
The gross international reserves remain at a little over US$ 1bn.
Also, the news release says, these developments reflect a sound economy and efficient management of reserves by the RMA.
