The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of November 2005 with comparative figures for the end of October 2005 and end of December 2004.
The Central Bank’s foreign exchange reserves increased by 4.7 b.kr. to 64.2 b.kr. at the end of November (equivalent to 1,016 m. US dollars at the exchange rate at the end of the month). Central Bank purchases of foreign currency in the domestic interbank market and exchange rate revaluation are the explanation for this decrease.
The króna depreciated by 1.7% in November.
Central Bank claims on deposit money banks decreased by 1.5 b.kr. in November and amounted to 62.8 b.kr. at the end of the month. Claims on other financial institutions increased by 1.8 b.kr. to 12.8 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 1.8 b.kr. at the end of November.
Central Bank liabilities towards deposit money banks increased by 5.2 b.kr. in November and amounted to 28.9 b.kr. at the end of the month.
Net deposits of central government decreased by 1.2 b.kr. during the month and stood at 65 b.kr. at the end of November.
Base money increased by 5.1 b.kr. in November and amounted to 41.3 b.kr. at the end of the month.
For further information, contact the Governors of the Central Bank of Iceland or Erla Árnadóttir, Chief Accountant, tel. (+354) 569-9600.
No. 39/2005
December 6, 2005