According to BDL’s latest monetary report, the BOP recorded a surplus of $1.54B by September 2023, far beyond the deficit over the same period last year of $3.05B. Accordingly, Net foreign Assets (NFAs) of BDL fell by $1.26B while the NFAs of commercial banks rose by $2.8B by September 2023.
On a monthly basis, the BOP recorded a surplus of $470.2M in September 2023, where the NFA of BDL increased by $88.5M and NFA of banks rose by $381.7M. The changes were noticeable on both sides of the commercial banks’ balance sheet; claims on non-resident financial sector increased by $24.48M and claims on non-resident customers rose by $5.91M, other foreign assets increased by $120.39M and non-resident securities portfolio increased by $40.1M; whereas deposits with non-resident central banks retreated by $16.09M in September 2023. On the liabilities side, non-resident customers deposit contracted by $144.23M while non-resident debt securities issued slightly increased by 1.54M in September 2023.
Balance of Payments (BoP) by September 2023 (in $M)
Source: BDL, BLOMINVEST
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