Иллюстративное изображение. Photo by Colin Watts on Unsplash
In October, currency sales in Belarus exceeded purchases by $113.9 million. The tax period may have been one of the factors influencing the month’s results.
According to statistics from the National Bank of Belarus, foreign exchange market turnover totalled $11.78 billion in October, down 10.9% from a year earlier.
Individuals bought $1.15 billion worth of foreign currency in October and sold $1.23 billion. As a result, they were net sellers of $77.1 million.
Banks bought $6.42 billion worth of foreign currency last month and sold $6.345 billion. They were also net buyers, with net purchases of $77.1 million.
Non-residents bought $333.5 million worth of foreign currency in October and sold $434.9 million, resulting in a net supply of $101.4 million.
Belarusian businesses bought $3.34 billion worth of foreign currency during the month and sold $3.35 billion. Their net supply amounted to $12.5 million.
Foreign exchange market turnover over 10 months totalled $124.7 billion, up 14.2% compared with the same period last year. Supply exceeded demand by $1.546 billion in January-October.
Individuals bought $11.4 billion worth of foreign currency in January-October and sold $13.31 billion. They accounted for a net supply of $1.89 billion.
Banks bought $66.24 billion worth of foreign currency over the same period and sold $66.17 billion. Their net demand amounted to $67.1 million.
Non-residents bought $2.75 billion worth of foreign currency in January-October and sold $4.03 billion, resulting in a net supply of $1.28 billion.
Belarusian businesses bought $36.62 billion worth of foreign currency over the same period and sold $35.06 billion. Their net demand amounted to $1.56 billion.