RDA inflows reach $6.6bn as of August

September 26, 2023 (MLN): Total inflows into Roshan Digital Accounts (RDA) during August 2023 stood at $130 million, bringing the total cumulative inflows into RDA to $6,617m.

However, according to data released by the SBP, the amount repatriated and locally utilized during the month was $131 million showing that the Net Repatriable Liability of RDA decreased by $1 million in August.

The amount repatriated during the month was $10m while $122m was utilized locally.

Total cumulative repatriation and local utilization stood at $5,490m out of which $1,484m has been repatriated while the locally utilized amount was $4,006m making the Net Repatriable Liability (NRL) $1,128m or 17.05% or Total RDA.

Breakup of the NRL shows $320m was still invested in Conventional Naya Pakistan Certificates (NPC), $395 million was in Islamic NPC, Equity investment stood at $18 million, Balances in Accounts were $375m while Other Liabilities stood at $20 million.

The total amount received during the current financial year was $267m compared to $375m in the corresponding period of the previous year.

Total repatriation and local utilization during the current financial year was $261m compared to $528m  in the corresponding period last year.

During the month of August, 10,597 new accounts were opened taking the total number of accounts to 606,865.

The highest monthly inflow into RDA was recorded in June 2021 during which inflows of $310m were received.

The highest monthly repatriation and local utilization from RDA was recorded in July 2022 during which NRL of RDA reduced by $330m.

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