The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of May 2006 with comparative figures for the end of April 2006 and end of December 2005.
The Central Bank’s foreign exchange reserves increased by 4.2 b.kr. to 70.4 b.kr. at the end of May (equivalent to 984 m. US dollars at the exchange rate at the end of the month). Treasury loan movements and regular Central Bank purchases of foreign currency in the domestic interbank market and explain the increase in foreign reserves.
The króna appreciated by 1.3% in May against the exchange rate basket.
Central Bank claims on deposit money banks decreased by 0.9 b.kr. in May and amounted to 85.1 b.kr. at the end of the month.
Claims on other financial institutions increased by 1.8 b.kr. to 16.4 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 1.6 b.kr. at the end of May.
Central Bank liabilities towards deposit money banks increased by 5.3 b.kr. in May and amounted to 35.2 b.kr. at the end of the month.
Net deposits of central government increased by 1.6 b.kr. during the month and stood at 78.5 b.kr. at the end of May.
Base money increased by 5.7 b.kr. in May and amounted to 48.6 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. 23/2006
June 7, 2006