In July, the volume of currency transactions of resident legal entities and individuals slightly decreased.
According to the National Bank data, the total volume of transactions amounted to USD 4,428.2 million, down USD 302.7 million or 6.4% as compared to June. The economic entities account for almost total volume of transactions. As compared to July last year, the volume of transactions rose by USD 789.5 million or 21.7%.
According to the National Bank data, the individuals bought more cash currency in July than in June. The purchase increased by 4.2% to USD 463.3 million, which is a peak this year. A holiday season is the cause of it. The citizens of Belarus actively go abroad on holiday and buy currency to settle for goods and services. The holders of ruble deposits have an additional demand for currency. The yield on such deposits continues falling.
The holiday season had an effect on the sales of currency by the population, too. Over July, the domestic sales of cash currency by the individuals amounted to USD 625.9 million, which is 5.4% less than in June.
The population remained the net seller of cash currency; however, the balance of net sale continued falling.
Following the results of January-July, the population sold USD 1.5 billion worth of cash currency on a net basis. The total currency sales over this period equaled to almost USD 4.1 billion, up almost 8.0% as compared to January-July 2016. Over seven months, the volume of bought cash currency grew by 0.3% as compared to the same period last year and made up USD 2.6 billion. It should be noted that the net sale of currency by the population in July proved to be maximum in 2017.
The population bought USD 837.3 million worth of non-cash currency over January-July (including USD 144.0 million in July) and sold – USD 573.3 million (USD 89.8 million). The balance of net purchase over seven months totaled USD 264.06 million.
Over January-July 2017, the population bought USD 3.4 billion worth of currency (cash and non-cash), which is 1.0% more as compared to the same period last year. Over seven months, the volume of sold currency rose by 9.1% to USD 4.7 billion.
In July, the resident economic entities reduced the currency purchase and sale by 9.0%. The main reason was the reducing prices for oil and oil products in June-July.
In July, the legal entities bought USD 1,531.4 million in the equivalent, which is USD 210.6 million or 12.1% less than in June.
The residents sold USD 1,573.7 million in July, which is USD 96.6 million or 5.8% less than in June.
Over January-July, the resident legal entities bought USD 10.5 billion in the domestic market, which is 17.65% more than over the same period of 2016. The volume of sold currency over seven months grew by 16.8% and totaled USD 10.4 billion. Following the results of January-July, the economic entities remained the net currency buyers. The balance of net sale was USD 76.2 million.
Over seven months of the current year, the resident enterprises and population bought and sold USD 28,961.4 million in the equivalent in the domestic market. They bought USD 13,897.8 million and sold USD 15,063.7 million. The net sale of currency by the mentioned segments of the currency market equaled to USD 1,165.9 million.