"The international reserves reached 11.8 billion dollars at the end of 2019, an annual increase of 1.2 billion dollars, representing 11.2 percent, and 2.8 billion dollars above the figure agreed with the International Monetary Fund (IMF), which is 9.4 billion dollars," reads the note sent to customers this Monday.
In the document, to which Lusa had access, analysts add that compared to November reserves fell slightly, 500 million dollars, representing more than 6.5 months of imports.
In the analysis, economists also point out that the loans that banks have difficulties in collecting (bad credit) accounted for 34.6 percent of the total in September last year, which shows an increase of 6.9 percentage points over the same period in 2018.
