Data for international reserves are published in accordance with a predetermined schedule and are posted at 09:00 hrs. on the publication date.
Data show the position at the end of the month and are available at a monthly frequency from October 2000.
The latest data is preliminary.
Inquiries can be sent to support@sedlabanki.is
Time series for international reserves in March 2025
Data for international reserves are compiled in this form to comply with provisions in the IMF’s Special Data Dissemination Standard (SDDS) on comprehensive itemisation of foreign reserves and their liquidity.The Central Bank also utilizes the data in its operations.
Both assets and liabilities are converted into domestic currency at mid rates.
Foundation in law
The foundation in law for data collection is an agreement between the Central Bank of Iceland and the IMF from June 21, 1996 on a Special Data Dissemination Standard, as authorised under Article 31 of the Act of the Central Bank of Iceland, No. 92/2019 (in Icelandic).
International reserves
Information on international reserves is obtained from the Central Bank of Iceland’s accounts of its foreign currency assets and its schedules for payments in foreign currency by the Bank itself and central government. Information from the Central Bank of Iceland’s market operations on negotiated foreign credit lines.
Revision of data
Data for international investment position are generally not revised after publication.
Gold and SDR
Gold
Owned or in the custody of monetary authorities as part of foreign exchange reserves. To qualify as reserve assets, gold deposits must be readily available on demand.
Special drawing rights
Rights allocated by the International Monetary Fund to strengthen the foreign exchange reserves of its member states. Special Drawing Rights (SDRs) are allocated in proportion to the countries’ respective quotas in the fund. Each member state’s quota is assigned on the basis of its relative share size in the world economy. The drawing rights represent a full and unconditional right of their holders to a foreign currency loan or other foreign currency assets from the International Monetary Fund. Member states can sell their quota to each other. A liability called the counterpart to the International Monetary Fund is recorded against the capitalised quota.
Currency and deposits
Currency and deposits consist of banknotes and coins in circulation, plus deposits. Deposits
Currency and deposits consist of banknotes and coins in circulation, plus deposits. Deposits are standardised, non-negotiable agreements offered by deposit-taking corporations. The term of deposits can vary, depending on the agreement. Deposits generally imply that the debtor is obliged to return the principal to the investor. They can be held in central banks or in deposit-taking corporations.
Reserve assets
Reserve assets are foreign assets that are always available to monetary authorities and under their control. Reserve assets must be foreign-denominated assets, claims against nonresidents, and assets that actually exist. Potential assets are excluded.
Resident / Non-resident
A resident is any individual and legal entity permanently residing in Iceland, irrespective of nationality. Students and embassy employees are exempt from the residency requirement. Therefore, Icelandic students and their families who reside abroad are considered residents, and foreign embassy employees are considered non-residents. Non-residents shall mean all parties except residents.
Predetermined short-term net drains
Contractual foreign currency obligations scheduled to come due during the 12 months ahead. Payments of short-term foreign obligations are classified into three sub-periods on the basis of remaining maturity. Included are foreign currency-denominated obligations of the Central Bank and other central government (excluding social security) to residents or non-residents. Short-term obligations include those with an original maturity of one year or less and those with longer original maturities whose remaining maturity is one year or less. Also included are payments falling due during the next twelve months on obligations with an original maturity of more than one year.
Contingent short-term net drains (nominal value) over next 12 months
Possible payments due to contractual obligations that may affect foreign currency assets. These are foreign currency-denominated obligations of the Central Bank and the central government (excluding social security) to residents and non-residents that are contingent upon exogenous events and are by definition off-balance-sheet activities. There are two types of contingent flows: either they emanate from potential assets and liabilities such as undrawn, unconditional credit lines and foreign exchange guarantees. Otherwise they arise from the authorities’ positions in options contracts, if and when the options are exercised.
Undrawn, unconditional credit lines
Credit lines that are negotiated with foreign banks but have not been utilised. If credit lines need to be utilised, little or no notice is required to draw on them. On the one hand, there are credit lines obtained from other banks and, on the other hand, credit lines that other banks have obtained from the Central Bank.
Currencies in SDR
SDR is a basket of international currencies defined by the IMF. The basket currently includes five currencies. the US dollar (USD), pound sterling (GBP), euro (EUR), Yuan (CNY) and yen (JPY). The composition of the basket is reviewed every five years by the IMF. The US dollar value of the SDR is calculated by the IMF on the basis of the exchange rates of the currencies in the basket as quoted at noon each day in the London market. Markets and market operations of the Central Bank of Iceland fixes the exchange rate of the SDR against the Icelandic króna.
Upcoming events
Title | Frequency | Newest | Period | Next | Category | Gagnabanki |
---|---|---|---|---|---|---|
Securities offerings | Monthly | April 25 | March 2025 | May 21 | Markets | |
Monetary statistics | Monthly | April 25 | March 2025 | May 23 | Monetary and financial statistics | |
Insurance companies | Monthly | April 23 | February 2025 | May 19 | Monetary and financial statistics | |
Payment intermediation | Monthly | April 16 | March 2025 | May 16 | Markets | |
International reserves | Monthly | April 15 | Mars 2025 | May 16 | Balance of payments | |
Interbank Market for Foreign Exchange | Monthly | April 8 | March 2025 | May 8 | Markets | |
Interbank Market for Icelandic Kronur | Monthly | April 8 | March 2025 | May 8 | Markets | |
Real exchange rate | Monthly | April 8 | March 2025 | May 8 | Markets | |
Balance sheet of the Central Bank | Monthly | April 7 | March 2025 | May 8 | Monetary and financial statistics | |
Pension funds | Monthly | April 4 | February 2025 | May 7 | Monetary and financial statistics | |
Portfolio investment | Monthly | March 31 | February 2025 | April 29 | Balance of payments | |
Market securities | Monthly | March 31 | February 2025 | April 30 | Markets | |
Government credit funds | Monthly | March 27 | February 2025 | April 29 | Monetary and financial statistics | |
Other financial corporations | Monthly | March 27 | February 2025 | April 29 | Monetary and financial statistics | |
Mutual funds, investment funds and institutional investment funds | Monthly | March 27 | February 2025 | April 29 | Monetary and financial statistics | |
Direct investment | Annual | March 20 | 2023 update | September 19 | Balance of payments | |
International investment position | Quarterly | March 6 | Q4 2024 | June 5 | Balance of payments | |
Balance of payments | Quarterly | March 6 | Q4 2024 | June 5 | Balance of payments | |
External debt | Quarterly | March 6 | Q4 2024 | June 5 | Balance of payments | |
Financial accounts of financial corporations | Quarterly | March 6 | Q4/2024 | June 6 | Monetary and financial statistics |