Central Bank Balance Sheet at end-July 2005
The Central Bank’s foreign reserves decreased by 3.5 b.kr. to 58.8 b.kr. at the end of July (equivalent to 910 m. US dollars at the exchange rate at the end of the month). Treasury loan movements and exchange rate revaluation explain this decrease.
The króna appreciated by 0.6% in July.
Central Bank claims on deposit money banks decreased by 9.6 b.kr. in July and amounted to 20.4 b.kr. at the end of the month. Claims on other financial institutions increased by 1.2 b.kr. to 10.8 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 2.1 b.kr. at the end of July.
Notes and coin in circulation increased by 0.8 b.kr. in July and have increased by 1.6 b.kr. so far this year.
Central Bank liabilities towards deposit money banks decreased by 3.8 b.kr. in July and amounted to 25 b.kr. at the end of the month.
Net deposits of central government decreased by 8.4 b.kr. during the month and stood at 15.9 b.kr. at the end of July.
Base money decreased by 2.9 b.kr. in July and amounted to 38.3 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.
August 5, 2005