At the beginning of 2004 a new arrangement will be introduced for reporting auctions of Central Bank repurchase agreements with credit institutions. Details of auctions of certificates of deposit will be reported regularly at the same time. In future, this information will be published on the Central Bank of Iceland website ww.sedlabanki.is on a separate page under the heading Markets, in a data table showing these measures and other Central Bank transactions. 

 This data will be published in the new format as of January 6, 2004 inclusive. Separate press releases on repurchase agreements will no longer be published.

For further details, contact Tómas Örn Kristinsson, Director of the Monetary Department at the Central Bank of Iceland, tel. (+354) 569-9664.

No. 1/2004

January 5, 2004