Belarusians’ FX sales exceed FX purchases by $30.8m in Oct 2020

<p> MINSK, Nov 6 - PrimePress. FX purchases by Belarus’ private households exceeded their FX sales to banks by $30.8 million in October 2020: individuals purchased from Belarusian banks $502.6 million and sold to banks $533.4 million, the National Bank of Belarus (NBB) said in an official statistical report. </p> <p>   </p> <p> In Jan-Oct 2020, individuals purchased from banks $5.333 billion worth of cash foreign exchange and sold to banks $5.174 billion. In Jan-Oct 2020, FX sales by Belarus’ private households exceeded their FX purchases from banks by $159 million. </p> <p>   </p> <p> October’s net cashless FX purchases by individuals totalled $120 million: gross cashless FX purchases – $287.4 million, sales – $167.4 million. </p> <p>   </p> <p> In Jan-Oct 2020, cashless FX purchases by individuals stood at $3.071bn, sales – $1.59bn, margin – $1.481bn. </p> <p>   </p> <p> In Oct 2020, net FX purchases by individuals (both cash and cashless) stood at $89.4 million, gross purchases – $790.1 million, gross sales – $700.7m. </p> <p>   </p> <p> In Jan-Oct 2020, FX purchases (both cash and cashless) by individuals totalled $8.404bn, FX sales – $6.764bn, margin - $1.64bn. </p> <p>   </p> <p> In Oct 2020, Belarus’ resident companies purchased $1.96 billion and sold $2.192 billion. Hence, in the corporate sector, FX sales exceeded FX purchases by $232 million. </p> <p>   </p> <p> In Jan-Oct 2020, FX purchases by resident companies totalled $19.245bn, FX sales – $18.128bn, margin – $1.117bn. </p> <p>   </p> <p> With non-resident companies, the Oct 2020 figures stand at $31.7 million (purchases), $107.7 million (sales) and $76 million (margin), respectively. </p> <p>   </p> <p> In Jan-Oct 2020, purchases by non-resident companies totalled $227.9m, FX sales – $711.4m, margin – $483.5m. </p> <p>   </p> <p> The National Bank does not post statistical reports on currency exchange transactions conducted by non-resident companies in accordance with the EEU Treaty of May 29, 2014. Hence, the official data on non-residents’ FX transactions on the domestic market are incomplete. </p> <p>   </p> <p> Resident banks, the Development Bank of the Republic of Belarus JSC and non-bank credit and financial organizations bought in Oct 2020 at their own expense (without conversion operations) $3.903 billion, sold – $3.943 billion, margin – $40 million. </p> <p>   </p> <p> Their FX purchases on the Belarusian Currency and Stock Exchange OJSC (BCSE) in Oct 2020 totalled $619.1 million, sales – $891.8 million, margin – $272.7 million. Purchases on the OTC market stood at $2.751 billion, sales – $2.549 billion, margin – minus $202 million. Purchases on the cash currency market totalled $533.4 million, sales – $502.6 million, margin – $30.8 million. </p> <p>   </p> <p> In Jan-Oct 2020, resident banks, the Development Bank of the Republic of Belarus JSC and non-bank credit and financial organizations bought $34.985 billion, sold $35.652 billion, the margin being $667 million. </p> <p>   </p> <p> They bought $8.341 billion on the BCSE in Jan-Oct 2020 and sold $6.533 billion (+$1.808bn); bought $21.47 billion on the OTC market and sold $23.786 billion (-$2.316bn); bought $5.174 billion on the cash currency market and sold $5.333 billion (-$159m). </p> <p>   </p> <p> As previously reported, since January 2020, the National Bank began to publish data on spot transactions of resident banks, the Development Bank and the NCFD at its own expense (without conversion operations) on the purchase and sale of foreign currency in the domestic market. This gives a more accurate picture of what is happening in the foreign exchange market. </p> <p>   </p> <p> The weighted average exchange rate of the Belarusian ruble against the US dollar stood at Br2.4386/$1 in Jan-Oct 2020; at Br2.582/$1 in Oct 2020. End </p>

2020-11-07

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