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The current account recorded a surplus for the third consecutive month in March 2025, mainly driven by the higher inflows of workers’ remittances, the Central Bank stated in a media release last week.
It stated that the merchandise trade deficit expanded in March 2025 relative to March 2024, yet showed a modest improvement compared to February 2025.
The terms of trade improved marginally during the month, as the decline in import prices outpaced the decrease in export prices.
