According to BDL’s latest monetary report, the BOP recorded a surplus of $1.46B by October 2023, far beyond the deficit over the same period last year of $2.86B. Accordingly, Net foreign Assets (NFAs) of BDL fell by $1.08B while the NFAs of commercial banks rose by $2.54B by October 2023.
On a monthly basis, the BOP recorded a deficit of $81.2M in October 2023, where the NFA of BDL increased by $179M and NFA of banks dropped by $260.1M. The changes were noticeable on both sides of the commercial banks’ balance sheet; claims on non-resident financial sector dropped by $228.07M and claims on non-resident customers declined by $4.19M, deposits with non-resident central banks retreated by $48.46M, whereas other foreign assets increased by $21.44M and non-resident securities portfolio increased by $53.38M in October 2023. On the liabilities side, non-resident customers deposit rose by $11.18M while non-resident financial sector liabilities declined by $89.26M and non-resident debt securities issued dropped by 7.89M in October 2023.
Balance of Payments (BoP) by October 2023 (in $M)
Source: BDL, BLOMINVEST
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