Balance of Payments Surplus at $442.5M by March 2024, compared to a Surplus of $1,174.6M by March 2023

According to BDL’s latest monetary report, the BOP recorded a surplus of $442.5M by March 2024, far less than the surplus over the same period last year of $1,174.6M. Accordingly, Net Foreign Assets (NFAs) of BDL rose by $292.2M and the NFAs of commercial banks rose by $150.2M by March 2024.

For a meaningful analysis, we examine the NFAs of commercial banks for March 2023. On the liabilities side, “Non-resident financial sector liabilities” increased by $23.64M to reach $2.75B; in addition Non-resident debt securities rose by $1.61M to stand at $32M, meanwhile “Non-resident customers’ deposits” fell by $24.6M to reach $20.94B by March 2024. On the other hand, on the asset side, “claims on non-resident financial sector” increased by $42.36M to reach $4.4B for the same period, while other foreign assets dropped by $15.37M to reach $2.42B and non-Resident Securities portfolio declined by $29.14M to reach $682M by March 2024.



Balance of Payments (BoP) by March 2024 (in $M)

Balance of Payments Surplus at $442.5M by March 2024, compared to a Surplus of $1,174.6M by March 2023





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