The net foreign assets of the Central Bank achieved a surplus for the sixth month in a row of $10.6 billion at the end of October 2024, equivalent to 520.121 billion pounds, compared to $10.4 billion at the end of September, equivalent to 505.074 billion pounds.
The central bank’s net foreign assets are one of the most important measures of banking stability and solidity, as it shows the difference between the central bank’s assets and its liabilities in foreign currencies.
Last May, the Central Bank revealed that the Central Bank’s net foreign assets had shifted from a deficit to a surplus for the first time since March 2022.
Net foreign assets achieved a surplus of 458.630 billion pounds at the end of May 2024, compared to a deficit of 36.070 billion pounds at the end of April.
