Central Bank Balance Sheet at end-January 2005
The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of January 2005 with comparative figures for the end of December 2004 and end of December 2003.
In January, the Central Bank purchased currency in the domestic interbank market for 0.8 b.kr., which is consistent with its stated strategy of strengthening its external position. The Central Bank’s foreign reserves decreased by 0.6 b.kr. to 65 b.kr. at the end of the month (equivalent to 1,074 m. US dollars at the current exchange rate). The króna appreciated by 1.6% in January.
Central Bank claims on deposit money banks decreased by 17.6 b.kr. in January and amounted to 14.1 b.kr. at the end of the month. Claims on other financial institutions increased by 0.2 b.kr. to 9.2 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 2.6 b.kr. at the end of January.
Central Bank liabilities towards deposit money banks decreased by 4.5 b.kr. in January and amounted to 22.4 b.kr. at the end of the month, while liabilities towards other financial institutions decreased by 13.6 b.kr.
Net deposits of central government increased by 0.8 b.kr. during the month and stood at 18.6 b.kr. at the end of January.
Base money decreased by 4.9 b.kr. in January and amounted to 33.7 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.
Press release with table (pdf-42kb)
No. 3/2005
February 4, 2005