FX breather offering temporary relief for Bahrain amid debt woes – Gulf Times

Bloomberg/Dubai Bahrains foreign-exchange reserves gained 22% in June to the highest level this year, a temporary relief for the cash-strapped kingdom as it awaits a much-anticipated bailout from its wealthy neighbours.Reserves climbed to 818.1mn dinars ($2.17bn) in June from 668.6mn dinars in May, according to data from the central bank. The regulator didnt explain the…