CBR: Net Capital Outflow Comes to $10.4bn
13 February 2019 (09:43)
UrBC, Moscow, February 13, 2019. Russia’s net capital outflow reached $10.4bn in January 2019, Central Bank of Russia’s data indicate.
A year earlier, the figure was estimated at $7.1bn.
It is reported that the ‘surplus in the current account of the balance of payments stipulated a certain slowing of net lending of the rest of the world by the private sector’ in January compared with the last quarter of 2018.
‘In January 2019 balance on private sector’s financial transactions was estimated by the Bank of Russia at $10.4 billion,’ the bank’s website states.
The net capital outflow from the country is estimated to total $67.5bn in 2018 and $36.5bn in the fourth quarter of last year.
A year earlier, the figure was estimated at $7.1bn.
It is reported that the ‘surplus in the current account of the balance of payments stipulated a certain slowing of net lending of the rest of the world by the private sector’ in January compared with the last quarter of 2018.
‘In January 2019 balance on private sector’s financial transactions was estimated by the Bank of Russia at $10.4 billion,’ the bank’s website states.
The net capital outflow from the country is estimated to total $67.5bn in 2018 and $36.5bn in the fourth quarter of last year.
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