Central Bank Balance Sheet at end-February 2006
The following table shows the Central Bank of Iceland’s Balance Sheet as at the end of February 2006 with comparative figures for the end of January 2006 and end of December 2005.
The Central Bank’s foreign exchange reserves increased by 3.7 b.kr. to 72.1 b.kr. at the end of February (equivalent to 1,104 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 gain explain this increase.
The króna depreciated by 2.8% in February against the exchange rate basket.
Central Bank claims on deposit money banks increased by 15 b.kr. in February and amounted to 83 b.kr. at the end of the month.
Claims on other financial institutions decreased by 4.8 b.kr. to 11.4 b.kr. at the end of the month.
Market value of listed securities in the Bank’s portfolio was 1.7 b.kr. at the end of February.
Central Bank liabilities towards deposit money banks increased by 5.7 b.kr. in February and amounted to 25.6 b.kr. at the end of the month.
Net deposits of central government increased by 4.7 b.kr. during the month and stood at 91 b.kr. at the end of February.
Base money increased by 5.6 b.kr. in February and amounted to 38 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.
March 6, 2006