The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of July 2006 with comparative figures for the end of June 2006 and end of December 2005.
The Central Bank’s foreign exchange reserves decreased by 2.5 b.kr. to 74.3 b.kr. at the end of July (equivalent to 1,024 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 appreciated by 3.7% in July against the exchange rate basket.
Central Bank claims on deposit money banks increased by 20.6 b.kr. in July and amounted to 110 b.kr. at the end of the month.
Claims on other financial institutions rose slightly to 11.6 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 1.5 b.kr. at the end of July.
Notes and coin in circulation outside the Central Bank amounted to 14.5 b.kr. at end-July and had increased by 1.3 b.kr. since the beginning of the year.
Central Bank liabilities towards deposit money banks increased by 7.1 b.kr. in July and amounted to 37.9 b.kr. at the end of the month.
Net deposits of central government increased by 13.1 b.kr. during the month and stood at 97.7 b.kr. at the end of July.
Base money increased by 7.7 b.kr. in July and amounted to 52.4 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. 29/2006
August 4, 2006