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The net international reserves (which exclude the foreign assets of commercial banks, short-term foreign liabilities and transactions with the International Monetary Fund) decreased by $ . million in 00 , a reversal from the $ . million increase registered in the previous year. Net foreign direct investment flows into Barbados, continued to contribute to a growing capital and financial account surplus. The current account balance worsened by $ . million, as gains from long-stay tourist expenditure and merchandise exports were not enough to offset the expansion in merchandise imports. However, much of the improvement in foreign assets was attributed to holdings by commercial banks.