UPDATE 1-Bahrain c.bank's net foreign assets fall in May as currency under threat | Reuters

UPDATE 1-Bahrain c.bank's net foreign assets fall in May as currency under threat | Reuters:

Net foreign assets at Bahrain’s central bank fell in May, according to official data released on Sunday that may fuel concern about the country’s ability to defend its currency against a current account deficit and rising public debt.

The assets dropped to 671.1 million dinars ($1.78 billion) from 779.4 million dinars in April, the central bank said. Net foreign assets at Bahraini retail banks also fell, to minus 1.20 billion dinars from minus 1.17 billion, meaning liabilities exceeded assets.

Combined, the net foreign assets of the central bank and retail banks sank to minus 526.1 million dinars in May - the lowest level on record.