Balance of Payments Surplus at $1.07B by August 2023, compared to a deficit of $3.10B by August 2022

According to BDL’s latest monetary report, the BOP recorded a surplus of $1.07B by August 2023, far beyond the deficit over the same period last year of $3.10B. Accordingly, Net foreign Assets (NFAs) of BDL fell by $1.34B while the NFAs of commercial banks rose by $2.41B by August 2023.

On a monthly basis, the BOP recorded a surplus of $145.1M in August 2023, where the NFA of BDL increased by $115M and NFA of banks rose by $30.1M. The changes were noticeable on both sides of the commercial banks’ balance sheet; claims on non-resident financial sector decreased by $55.88M and claims on non-resident customers retreated by $22.02M; while deposits with non-resident central banks increased by $24.09M whereas other foreign assets dropped by $144.61M in August 2023. On the liabilities side, non-resident customers deposit contracted by $135.55M and non-resident financial sector liabilities decreased by $143.92M while non-resident debt securities issued slightly increased by 1.59M in August 2023.

Balance of Payments (BoP) by August 2023 (in $M)

Balance of Payments Surplus at $1.07B by August 2023, compared to a deficit of $3.10B by August 2022



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