International Reserves in Nicaragua
Nicaragua - International ReservesWhile hard data is limited, there have been tentative signs the downturn has bottomed out in the second half of the year. The banking sector appears to have stabilized, with bank withdrawals easing and the ratio of non-performing loans declining through September. Moreover, international reserves rose to USD 2.3 billion by the end of Q3, suggesting economic imbalances have waned. In light of this, in November both Fitch Ratings and S&P Global Ratings upgraded their outlooks for Nicaragua to stable; however, they maintained their B- ratings due to ongoing political risk, low economic growth prospects and fragile external financing conditions. In other news, on 7 November the U.S. slapped sanctions on three additional government officials to increase pressure on the Ortega administration, while social tensions resurfaced after the fall of Bolivia’s President Morales re-energized Nicaraguan protests.
Nicaragua - International Reserves Data
|International Reserves (USD)||2.0||2.3||2.5||2.4||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua International Reserves Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||33.47||2.11 %||Nov 21|
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