Official reserves see USD 92bn

The Central Bank’s reserves amounted to USD 92bn at the end of May, according to the bank’s international reserves and foreign currency liquidity report.

Total reserve assets saw a monthly increase of 4.6% in this period.

Foreign currency reserves – in convertible foreign currencies – totaled USD 46.5bn, up 2.3% on a monthly basis.

The bank’s gold reserves – including gold deposits and, if appropriate, gold swapped – swelled 7.4% from April to reach USD 43.9bn.

The bank’s reserves also posted an increase from USD 90.9bn at the end of May 2020.

Short-term predetermined net drains of the government and the central bank, including foreign currency loans, securities, and foreign exchange deposit liabilities, dropped by 13.6% to USD 23.4bn, the report said.

Of these, USD 18bn were in principal repayments and USD 5.4bn in interest payments, it added.

Additionally, outstanding foreign exchange and gold liabilities arising from the central bank’s financial derivative activities with resident and non-resident banks stood at USD 60.1bn, of which USD 27.2bn is due in one month.

Contingent short-term net drains on foreign currency recorded USD 46bn, increasing by 0.6% compared to the previous month.​​​​​​​

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