Receipts for Private and Capital transfers, Compensation of Employees, and Social Benefits categories of remittance receipts fell in November 2017 with compensation of employees particularly, receipts from Recognised Seasonal Employer (RSE) decreasing the most. Read more in the Remittances Report for November 2017.

The total Overseas Exchange Transaction (OET) receipts for November 2017 decreased by $14.6 million (20.9%) to $55.1 million. Lower telecommunication services and interbank transfers’ receipts were the major drivers, and supported by lower receipts of grants to non-profit organization and travel receipts. Find out more in the Overseas Exchange Transactions report for November 2017.

Total banks’ lending increased by $1.1 million (0.3%) over October to $418.1 million. This was driven solely by lending to households, offsetting the lending to businesses. Annually, total banks’ lending increased by $49.9 million (13.5%) driven by rises in lending to both households and businesses. Read more in the Banking Sector Developments report for October 2017.

The agricultural exports volume reached a new high level in October 2017, a total of 3,586.3 tonnes mainly driven by the favourable squash harvesting season. This was an increase by 2,360.0 tonnes over the month, which almost tripled the volumes recorded last month. Read more in the Agricultural Exports Volumes report for October.

In October 2017, the total Overseas Exchange Transaction (OET) receipts rose by 18.6% to $69.7 million. This was mainly due to higher receipts from telecommunications services, grants to non-profit organization and also supported by receipts from financial account.  Find out more in the Overseas Exchange Transactions report for October 2017.

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