Predetermined short-term net drains on foreign currency assets in Cyprus
Cyprus: Predetermined short-term net drains on foreign currency assets was -69.52 million in 2022. ◆ Volatile
Predetermined short-term net drains on foreign currency assets in Cyprus, 2010–2022
Source: International Monetary Fund.
Analysis
In 2022, predetermined short-term net drains on foreign currency assets in Cyprus stood at -69.52 million. That is the lowest value across all 13 years on record.
The figure is down 389.2% over ten years.
Over the whole period, predetermined short-term net drains on foreign currency assets in Cyprus peaked at 0 in 2020 and was at its lowest, -69.52 million, in 2022.
That places Cyprus 19th out of 91 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -25.03 million | -58.39 million | -7.87 million | 10 |
| 2020s | -23.17 million | -69.52 million | 0 | 3 |
Countries ranked near Cyprus
- 16 Germany -274,592 compare
- 17 Luxembourg -1.88 million compare
- 18 Korea, Republic of -19.00 million compare
- 20 Slovenia, Republic of -141.49 million compare
- 21 Seychelles -162.25 million compare
- 22 Croatia, Republic of -221.15 million compare
More financial sector data for Cyprus
- Domestic credit to private sector by banks 56.6% (2024)
- Total reserves in months of imports 0.5319 (2025)
- Net domestic credit 24.91 billion current LCU (2024)
- Net foreign assets 31.88 billion current LCU (2024)
- Monetary Sector credit to private sector 56.7% (2024)
- Claims on central government, etc. 11.6% (2024)
- Domestic credit to private sector 56.7% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration 7,749 (2025)
- Net migration, annual growth rate -4.78 % change on previous year (2025)
Frequently asked questions
- What is predetermined short-term net drains on foreign currency assets in Cyprus?
- Predetermined short-term net drains on foreign currency assets in Cyprus was -69.52 million in 2022, according to International Monetary Fund.
- What is the highest predetermined short-term net drains on foreign currency assets recorded in Cyprus?
- The highest recorded value was 0 in 2020.
- What is the lowest predetermined short-term net drains on foreign currency assets recorded in Cyprus?
- The lowest recorded value was -69.52 million in 2022.
- How does Cyprus rank for predetermined short-term net drains on foreign currency assets?
- Cyprus ranks 19th out of 91 countries with data for 2022.
- Is predetermined short-term net drains on foreign currency assets rising or falling in Cyprus?
- Over the last ten years it is down 389.2%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from International Monetary Fund, published as part of Predetermined short-term net drains on foreign currency assets (nominal value) (International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template 2013 (IRFCL 2013), Monetary Authorities and Central Government excluding Social Security). Statizoid updates them automatically from the source API.
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About this data
The International Reserves and Foreign Currency Liquidity (IRFCL, or the “Reserves Data Template”) dataset includes data on the amount and composition of countries’ official reserve assets, other foreign currency assets held by monetary authorities and central governments, and short-term foreign currency obligations and related activities of monetary authorities and central governments that can lead to drains on official reserves and other foreign currency assets. This website re-disseminates IMF member countries' data on international reserves and foreign currency liquidity in a common template and in a common currency (the U.S. dollar). Historical data by country are also available. Please note that the re-dissemination of the template data by the Fund does not constitute endorsement of the quality of the data by the Fund.