International Reserves/Foreign Currency Liquidity Developments

International Reserves/Foreign Currency Liquidity Developments

 

INTERNATIONAL RESERVES AND FOREIGN CURRENCY LIQUDITIY

OCTOBER 2017

  • Official Reserve Assets recorded USD 117.8 billion indicating 5.2 percent increase compared to the previous month. As regards to sub-items, foreign currency reserves increased by 5.2 percent to USD 94.7 billion, while gold reserves rose by 5.6 percent to USD 21.6 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 9.7 percent compared to the previous month, realizing as USD 12.5 billion. Of this amount, USD 8.3 billion belongs to principal repayments and USD 4.1 billion to interest repayments. Regarding the maturity breakdown of the principal and interest payments, USD 1.2 billion is due in one month, USD 1.5 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 increased by 2.8 percent to USD 65.9 billion compared to the previous month.

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