Current account deficit is widening
The current account def c t came n at $4.15 b ll on n February, post ng an annual ncrease of 61.8 percent. The ncrease was largely due to h gher o l pr ces compared to the prev ous year and strong non-monetary gold mports. Net non-monetary gold mports were $700 m ll on h gher than a year earl er. On the other hand, recovery n tour sm revenues cont nued to lmt the expans on n the current account def c t. The 12-month cumulat ve def c t reached $53.3 b ll on, ts h ghest level s nce Apr l 2014, wh le exclud ng net energy and gold trade t was $6.3 b ll on.