The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of January 2006 with comparative figures for the end of December 2005 and end of December 2004.
The Central Bank’s foreign exchange reserves increased by 1.2 b.kr. to 68.5 b.kr. at the end of January (equivalent to 1,099 m. US dollars at the exchange rate at the end of the month). Regular Central Bank purchases of foreign currency in the domestic interbank market explain this increase.
The króna depreciated by 0.7% in January against the exchange rate basket.
Central Bank claims on deposit money banks decreased by 9.8 b.kr. in January and amounted to 68 b.kr. at the end of the month. Claims on other financial institutions increased by 4.3 b.kr. to 16.2 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 1.7 b.kr. at the end of January.
Central Bank liabilities towards deposit money banks decreased by 14.3 b.kr. in January and amounted to 19.9 b.kr. at the end of the month.
Net deposits of central government increased by 10.5 b.kr. during the month and stood at 86.4 b.kr. at the end of January.
Base money decreased by 15.1 b.kr. in January and amounted to 32.4 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. 5/2006
February 6, 2006