According to BDL’s latest monetary report, the BOP recorded a surplus of $2.24B by December 2023, far beyond the deficit over the same period last year of $3.2B. Accordingly, Net foreign Assets (NFAs) of BDL fell by $0.81B while the NFAs of commercial banks rose by $3.05B by December 2023.
On a monthly basis, the BOP recorded a surplus of $591.3M in December 2023, where the NFA of BDL increased by $131.6M and NFA of banks rose by $459.7M. 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 $147.2M, non-resident securities portfolio increased by $23.4M and other foreign assets increased by $86.2M whereas deposits with non-resident central banks decreased by $100M and claims on non-resident customers declined by $33.5M in December 2023. On the liabilities side, non-resident customers deposit declined by $46.8M and non-resident financial sector liabilities decreased by $138.8M while non-resident debt securities issued increased by $1.61M in December 2023.
Balance of Payments (BoP) by December 2023 (in $M)
Source: BDL, BLOMINVEST
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