Belarusians Buy $220mln More FX Than Sell in August
The amount of FX bought by Belarusians and Belarusian businesses in August exceeds the amount of sold FX, the National Bank says.
Altogether, Belarusians sold $619.6mln in August and bought $716.4mln (what is $96.8mln more that was sold). The both indexes are year’s peeks.
The FX acquisition has been overcoming FX sales for the third month in a row. Private individuals have purchased total $300mln during the period.
Non-resident juridical units now became pure FX buyers again: considering $1bln swap agreement with China, they bought $1.036bln.
Thus, FX purchase–sale balance cunts $220mln (not adding $1bln Belarus-China swap). If such a tendency will remain in the following months, the National Bank of Belarus will have to trade its gold and FX reserves or devaluate the national currency.