According to BDL’s latest monetary report, the BOP recorded a surplus of $585.1M by April 2024, far less than the surplus over the same period last year of $1,236.9M. Accordingly, Net Foreign Assets (NFAs) of BDL rose by $370.9M and the NFAs of commercial banks rose by $214.2M by April 2024.
For a meaningful analysis, we examine the NFAs of commercial banks for the month of April 2024. On the liabilities side, “Non-resident financial sector liabilities” dropped by $93.9M to reach $2.66B; while “Non-resident customers’ deposits” rose by 19.42M to reach $20.95B and “Non-resident debt securities” increased by $117.77M to stand at $150M by April 2024. Meanwhile, on the asset side, “claims on non-resident financial sector” decreased by $37.3M to reach $4.38B for the same period, “other foreign assets” declined by $20.01M to stand at $2.41B, and “claims on non-resident customers” dropped by $2.2M to reach $936M, while “Currency and deposits with other central banks” increased by $50.94M to stand at $784.97M.
Balance of Payments (BoP) by April 2024 (in $M)
Source: BDL, BLOMINVEST
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