The trade deficit continued to remain modest in March 2023, compared to a year ago, though it widened notably compared to February 2023
Workers’ remittances and earnings from tourism recorded a notable improvement in March 2023
The exchange rate appreciated notably in March 2023 supported by improved market sentiments towards the finalisation of the IMF-EFF arrangement and improvements in liquidity conditions in the domestic foreign exchange market driven by policy relaxation allowed by the Central Bank