The growth in the country's total external financial assets emanated mainly from the combined increases in
reserve assets (which increased by 5.6 percent from $79.2 billion to $83.6 billion), residents' investments in equity capital and debt instruments of foreign affiliates (which rose by 4.1 percent from $51.9 billion to $54 billion) and residents' holdings of debt and equity securities issued by nonresidents (which grew by 4.1 percent from $20.5 billion to $21.3 billion).
The BSP noted that, the expansion in external financial assets came from the combined growth in
reserve assets and residents' equity capital infusions.
The total stocks of External Assets for Palestinian economy amounted to USD 6,841 million, the Foreign Direct Investment Abroad contributed to 5%, Portfolio Investments abroad reached 20%, while Other Foreign Investments Abroad (mainly currency and deposits) reached 66% and
Reserve Assets amounted to 9%.
Meanwhile, the country's external financial assets posted a modest growth despite the $2.6-billion decline in the BSP's
reserve assets as of end-September 2018.
Trade credit and advances 51.8 -1.5
Reserve assets 449.7 11.6 Monetary gold 337.6 8.6 Special drawing rights 51.9 1.1 Reserve position in the 17.6 0.3 International Monetary Fund Other
reserve assets 42.6 1.6 U.S.
Moreover, the
reserve assets of Azerbaijan increased by $1.30 billion in January-March 2018.
The Central Bank of Turkey's official
reserve assets soared 1.5 per cent up compared to the previous month
The main components of the international reserves were foreign currency reserves (US$102.9 billion), International Monetary Fund reserves position (US$0.8 billion), special drawing rights (SDRs) (US$1.2 billion), gold (US$1.6 billion) and other
reserve assets (US$3 billion).
The accumulation in the country's
reserve assets (0.8 percent) likewise contributed to the overall expansion of external financial assets.
A substantial portion of this rise came from an increase in the
reserve assets, RBI said.
Official
reserve assets rose by 4 percent, compared to USD107.6bn at the end of July.
Moreover, the conference will review the government performance in removing the obstacles facing the Egyptian foreign trade during the fiscal year(FY) 2016/2017, correcting the deficit in the balance of trade, such as a big pressure on the foreign exchange
reserve assets of the Central Bank of Egypt (CBE), and the implications of the currency flotation on the trade exchange system.