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Cost of insuring Bahrain debt jumps as deficit jitters increase
The central bank’s net foreign assets hit a seven-month low of 533.2mn dinars ($1.41bn) in March, about 31 days’ worth of imports; some analysts think a safe level of reserves for emerging economies is 90 days The cost of insuring Bahrain’s sovereign debt against default has jumped to near multi-year…
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Click here to read the full story: Gulf Times