According to BDL’s latest monetary report, the BOP recorded a surplus of $1.14B by June 2023, far exceeding the deficit over the same period last year of $2.57B. Accordingly, Net foreign Assets (NFAs) of BDL fell by $934.2M, as BDL has continued to make some intervention on the Forex market through “Sayrafa” platform while the NFAs of commercial banks rose by $2.07B by June 2023.
On a monthly basis, the BOP recorded a deficit of $88.2M in June 2023, where the NFA of BDL declined by $156M and NFA of banks rose by $67.8M. The main changes within commercial banks’ balance sheet was on the assets side, claims on non-resident financial sector increased by $148.13M while currency and deposits with non-resident central banks dropped by $23.24M and other foreign assets decreased by $7.67M in June 2023. On the liabilities side, non-resident customers deposit increased by $34.30M and non-resident financial sector liabilities increased by $24.15M.
Balance of Payments (BoP) by June 2023 (in $M)
Source: BDL, BLOMINVEST
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