"Of course when we built up our reserves, we were criticised for accumulation of too much reserves which were far in excess of those required by a country of our size. Now, these reserves have become important and they have declined by US$18.9 billion, close to US$19 billion since 2014. This is what reserves are for. That's why we build up reserves," she said.
Zeti declined to reveal the optimal level of reserves for the country.