Post by account_disabled on Feb 26, 2024 23:05:24 GMT -5
In 2023, interest on public debt was paid for a total of 7,255 million dollars. And the private sector also transferred another US$3,106 million. In total US$ 10,361 million according to the Central Bank Report. Interest was paid to the IMF for 3,017 million dollars, to the rest of the international financial organizations US$ 2,166 million, and to private creditors another US$ 2,072 million, according to details from the Central Bank. So, the US$ 10,361 million of interest payments explain half of the US$ 21,525 million drop in Central Bank reserves during last year. On the other hand, between payments and disbursements, the account with the IMF showed a deficit of US$ 5,078 million.
The IMF Report details that “Compared to the level of December 2022, the BCRA's international reserves decreased by 48% , which meant a drop Namibia WhatsApp Number List of US$ 21,525 million. This reduction was mainly explained by the net payments of principal, interest and charges to the IMF for US$ 8,394 million (6,236 million SDR).” Reserves also decreased in “the net payment of capital and interest with other international organizations and other financial debt of the National Treasury for US$ 5,677 million.” And due to “the drop in the entities' foreign currency holdings of US$ 2,968 million, and due to the net payments settled by the BCRA through the Local Currency Payment System, partially offset by the BCRA's net purchases in the foreign exchange market.” changes and the increase in the price in dollars of the assets that make up the reserves for US$ 150 million.
On the other hand, in the accumulated annual figure, the 2023 net expenses for service payments totaled US$6,196 million, which among others include “Travel, tickets and other card payments” and “Freight and insurance.” On the income side, the Report highlights that there were charges on exports for 61,633 million dollars and payments for imports for 49,178 million dollars. And “the income through the stock market was added, which in 2023 was $2.2 billion, so the total net income from goods for the year would have been about $14.7 billion.” With information from: Telam, AF News and OpenAi.
The IMF Report details that “Compared to the level of December 2022, the BCRA's international reserves decreased by 48% , which meant a drop Namibia WhatsApp Number List of US$ 21,525 million. This reduction was mainly explained by the net payments of principal, interest and charges to the IMF for US$ 8,394 million (6,236 million SDR).” Reserves also decreased in “the net payment of capital and interest with other international organizations and other financial debt of the National Treasury for US$ 5,677 million.” And due to “the drop in the entities' foreign currency holdings of US$ 2,968 million, and due to the net payments settled by the BCRA through the Local Currency Payment System, partially offset by the BCRA's net purchases in the foreign exchange market.” changes and the increase in the price in dollars of the assets that make up the reserves for US$ 150 million.
On the other hand, in the accumulated annual figure, the 2023 net expenses for service payments totaled US$6,196 million, which among others include “Travel, tickets and other card payments” and “Freight and insurance.” On the income side, the Report highlights that there were charges on exports for 61,633 million dollars and payments for imports for 49,178 million dollars. And “the income through the stock market was added, which in 2023 was $2.2 billion, so the total net income from goods for the year would have been about $14.7 billion.” With information from: Telam, AF News and OpenAi.