Nouakchott, Mauritania - Despite a continuing rise in the cost of oil, the Mauritanian government said it had managed to keep inflation rate at a tolerable level of six per cent in the past few months, the Governor of Central Bank of Mauritania (BCM), Sid'Ahmed Ould Raiss, told a press conference here.

According to Raiss, the desire to manage the inflation rate, through a full control of money supply, is in support of the policy aimed at restoring the key macro-economic balances, with a target growth rate of 5.5 per cent.

He said his organization now has US$ 522 million in foreign exchange reserves.

The Mauritanian government provided the data after the International Monetary Fund (IMF) mission to the country under the Extended Credit Facility (ECF) programme.

Pana 26/10/2011