03.06.2014

The underlying external position end of the first quarter of 2014

The underlying external position end of the first quarter of 2014

The underlying external position of the economy at the end of the first quarter of 2014

The Central Bank of Iceland has published on its website the preliminary statistics for the balance of payments in the first quarter of 2014, and for the external position at the end of the quarter.

For further information, the Bank has simultaneously published an analysis of the underlying net external position of the economy. The assessment of the underlying position entails an estimation of the position that will result when the domestic and foreign assets of the deposit money banks in winding-up proceedings have been sold and the proceeds distributed to creditors. The effects of several non-financial domestic firms currently being wound up are accounted for as well (for further explanation, see Special Publication 9: Iceland’s underlying external position and balance of payments, published 18 March 2013).

See further press release no. 17/2014, 3 June 2014:

The underlying external position of the economy at the end of the first quarter of 2014.pdf

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