graph_Graph 8_38DA204F

Foreign currency credit to EMDEs

Graph 8

A. Growth, by currency

Year-on-year changes, %

B. Quarterly changes in dollar credit¹

USD bn

C. Quarterly changes in euro credit¹

EUR bn

¹ Quarterly changes are adjusted for breaks in series and exchange rate fluctuations. Data on local loans denominated in foreign currency extended by banks in Russia are not available after Q3 2021; quarterly changes are assumed to be zero in later quarters.

Sources: BIS global liquidity indicators; BIS calculations.