In August, the gross foreign reserves of CBBH rose by 1.6% from the previous month to 6.805 billion marka.
The central bank keeps most of its foreign reserves in currency deposits with foreign banks. In September, CBBH deposits with non-resident banks reached the equivalent of 5.169 billion marka, up from 5.128 billion marka the previous month.
Details follow (in millions of Bosnian marka):
Sept'08 | Aug'08 | Sept'07 | |
GROSS FOREIGN RESERVES | 6,834.3 | 6,805.2 | 6,475.1 |
-Gold | 0.0 | 0.0 | 0.0 |
-SDR with IMF | 0.7 | 0.7 | 0.3 |
-Foreign exchange in CBBH vault | 87.1 | 115.3 | 26.8 |
-Deposits with non-resident banks | 5,168.5 | 5,128.0 | 5,967.3 |
-Other | 46.7 | 49.2 | 74.6 |
-Investments in Foreign Securities | 1,531.3 | 1,512.1 | 406.1 |
Net foreign reserves | 6,833.3 | 6,804.3 | 6,474.1 |
Monetary liabilities | 6,344.3 | 6,347.1 | 6,124.8 |
Net free reserves | 489.0 | 457.2 | 349.3 |
NOTES: Gross foreign reserves consist of balance sheet positions of short-term foreign assets of CBBH (gold, CBBH SDR holdings, foreign exchange in the CBBH vault, short-term foreign exchange deposits with non-resident banks and other) and investment in long-term foreign securities according to the CBBH Investment Committee Decision from July 2006.
Net foreign reserves represent a difference between gross foreign reserves and liabilities to non-residents.
Monetary liabilities include money outside monetary authorities and deposits of residents with monetary authorities.
Net free reserves represent a difference between net foreign exchange reserves and monetary liabilities of CBBH.
The Bosnian convertible marka is pegged at a fixed exchange rate of 1.95583 per euro under a currency board system.