According to BDL’s latest monetary report, the BOP recorded a surplus of $1.65B by November 2023, far beyond the deficit over the same period last year of $3.21B. Accordingly, Net foreign Assets (NFAs) of BDL fell by $0.94B while the NFAs of commercial banks rose by $2.59B by November 2023.
On a monthly basis, the BOP recorded a surplus of $185.6M in November 2023, where the NFA of BDL increased by $132.1M and NFA of banks rose by $53.5M. For the latter, the changes were noticeable on both sides of the commercial banks’ balance sheet. On the assets side, claims on non-resident financial sector rose by $116.27M, deposits with non-resident central banks increased by $14.82M and non-resident securities portfolio increased by $8.75M, whereas claims on non-resident customers declined by $41.85M and other foreign assets dropped by $10.24M in November 2023. On the liabilities side, non-resident customers deposit declined by $34.74M while non-resident financial sector liabilities increased by $3.14M and non-resident debt securities issued increased by $1.56M in November 2023.
Balance of Payments (BoP) by November 2023 (in $M)
Source: BDL, BLOMINVEST
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