International Reserves/Foreign Currency Liquidity

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The “International Reserves and Foreign Currency Liquidity” table is prepared within the framework of the Special Data Dissemination Standards – SDDS – set by the International Monetary Fund (IMF). The table is produced from the data given by the CBRT and the Undersecretariat of Treasury in line with the scope, definition, and classifications specified in the IMF Operational Guidelines.

The monthly table disseminated by the CBRT covers detailed information on official foreign currency assets and predetermined short-term net drains on foreign currency assets (including residual maturity) and contingent short-term net drains on foreign currency assets.

International Reserves/Foreign Currency Liquidity Developments -September 2018

  • Official Reserve Assets recorded USD 84.7 billion indicating 4.7 percent decrease compared to the previous month. As regards to sub-items, foreign currency reserves decreased by 4.9 percent to USD 65.5 billion, while gold reserves decreased by 4.2 percent to USD 17.7 billion.
  • Short term predetermined net drains of the Central Government and the CBRT (Foreign Currency Loans, Securities and Foreign Exchange Deposit Accounts of Residents Abroad within the CBRT) increased by 6.5 percent compared to the previous month, realizing as USD 12.8 billion. Of this amount, USD 8.7 billion belongs to principal repayments and USD 4.1 billion to interest repayments. Regarding the maturity breakdown of the principal and interest payments, USD 2.2 billion is due in one month, USD 0.9 billion in 2-3 months, USD 9.7 billion in 4-12 months.

  • Contingent short-term net drains on foreign currency consists of “collateral guarantees on debt due within one year” and “other contingent liabilities (“Banking Sector’s Required Reserves in Blocked Accounts in Foreign Currency and Gold” and “Letters of Credit” items in the CBRT’s balance sheet). These liabilities decreased by 19.6 percent to USD 29.3 billion compared to the previous month.

 

Data - September 2018

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