External Sector:

The balance of the balance of trade, in 1994, was positive and reached to 1,979 million US dollars, more than 200% of that registered in 1993. This balance is explained by the significative income of private capital which equilibrated deficit in current accouunt.

The deficit of the balance of trade in 1994 reached to 1,109 million US dollars, 537 million US dollars more than that of last year balance.

Exports increased 30% with respect to 1993, whereas imports increased 38.6%.

The real money exchange rate keeps under its level on August 1990. In 1994, it was registered a 10% decrease at the end of period. In the middle of 1995, its value recovered in approximately 4% with respect to late 1994, however, it still is 17 points under its value on August 1990.

At 1994 closure, the total external debt balance reached to 25,321 million US dollars, an amount higher in about 1,455 million US dollars to the 1993 level and in 4,613 million US dollars with respect to the 1991 amount.

 

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