The following table shows the Central Bank of Iceland's Balance Sheet as at the end of June 2006 with comparative figures for the end of May 2006 and end of December 2005.
The Central Bank's foreign exchange reserves increased by 6.4 b.kr. to 76.8 b.kr. at the end of June (equivalent to 1,006 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 and exchange rate movements explain the increase in foreign reserves.
The króna depreciated by 5.1% in June against the exchange rate basket.
Central Bank claims on deposit money banks increased by 4.3 b.kr. in June and amounted to 89.4 b.kr. at the end of the month.
Claims on other financial institutions decreased by 4.9 b.kr. to 11.5 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 June.
Notes and coin in circulation outside the Central Bank amounted to 13.9 b.kr. at end-June and had increased by 0.7 b.kr. since the beginning of the year.
Central Bank liabilities towards deposit money banks decreased by 4.4 b.kr. in June and amounted to 30.8 b.kr. at the end of the month.
Net deposits of central government increased by 6.1 b.kr. during the month and stood at 84.6 b.kr. at the end of June.
Base money decreased by 3.9 b.kr. in June and amounted to 44.7 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. 27/2006
July 6, 2006