In the spirit of transparency, and under the new Acting Governor, BDL published at end August 2023 its itemized liquid foreign currency balance sheet, which showed that BDL’s liquid net foreign assets (NFA) amounted to 7.2 billion USD. It did the same at end September 2023, but then stopped. So any figures relating to BDL’s liquid NFA since then will have to be estimates. And this is what we intend to provide in this note, exploring in addition BDL’s FX open market operations between August 2023 and February 2025.
We will start with the FX open market operations and then, follow with an estimation of the liquid NFA.
For the full report, click on the below link:
BDL’s FX Market Operations and NFA – A Suggested Explanation