282403
/en/utenriksokonomi/statistikker/intrevm/maaned-endelige
282403
statistikk
2017-11-21T08:00:00.000Z
External economy
en
intrevm, International reserves and foreign currency liquidity, currency flows, securities, foreign exchange reservesForeign assets and liabilities , External economy
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International reserves and foreign currency liquidity

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Official reserve assets and other foreign currency assets, market value. NOK million
September 2017October 2017
A. Official reserve assets520 472532 771
Foreign currency reserves462 325475 370
IMF reserve position5 8265 855
SDRs15 95816 313
Other reserve assets36 36335 233
Other foreign currency assets2 1022 793

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Table 1 
International reserves and foreign liquidity. NOK million

International reserves and foreign liquidity. NOK million
I. Official reserve assets and other foreign currency assetsOctober 2017
A. Official reserve assets NOK532 771
(1) Foreign currency reserves475 370
(a) Securities469 907
of which: issuer headquartered in reporting country but located abroad0
(b) total currency and deposits with:5 463
(i) other national central banks, BIS and IMF5 263
(ii) banks headquartered in the reporting country0
of which: located abroad0
(iii) banks headquartered outside the reporting country200
of which: located in the reporting country0
(2) IMF reserve position5 855
(3) SDRs16 313
(4) Gold0
(5) Other reserve assets35 233
financial derivatives2
loans to nonbank nonresidents0
other35 232
B. Other foreign currency assets2 793
securities not included in official reserve assets0
deposits not included in official reserve assets113
loans not included in official reserve assets0
financial derivatives not included in official reserve assets2
gold not included in official reserve assets0
other2 678
II. Predetermined short-term net drains on foreign currency assets (nominal value)October 2017
MaturityMaturity totalMaturity 0-1 monthMaturity 1-3 monthMaturity 3-12 month
1.Foreign currency loans, securities, and deposits-260-260
outflows (-) - Principal0000
outflows (-) - (Interest)-260-260
inflows (+) - Principal0000
inflows (+) - Interest0000
2. Aggregate short and long positions in forwards
(a) Short positions (-)-1 300-1 30000
(b) Long positions (+)58358300
3. Other-19 233-19 23300
outflows related to repos (-)-82-8200
inflows related to reverse repos (+)0000
trade credit (-)0000
trade credit (+)0000
other accounts payable (-)-19 151-19 15100
other accounts receivable (+)0000
IV. Memo itemsOctober 2017
(a) Short term domestic currency debt indexed to the exchange rate0
(b) Financial instruments denominated in foreign currency and settled by other means (NOK)0
derivatives (forwards, futures or options contracts)0
(c) Pledged assets0
(d) Securities lent and on repo23 317
lent or repoed and included in section I-10 015
lent or repoed but not included in section I0
borrowed or acquired and included in section I0
borrowed or acquired but not included in section I33 332
(e) Financial derivative assets (net, marked to market)4
forwards-1
futures0
swaps0
options5
other0
(f) Derivatives (forward, futures or options contracts) that have a residual maturity greater than one year0
aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps)0
aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency0
(2) To be disclosed at least once a year:
Currency composition of reserves0
currencies in SDR basket0
Currency Composition of Reserves, Denominated in US Dollars0
Currency Composition of Reserves, Denominated in Euros0
Currency Composition of Reserves, Denominated in Chinese Yuan0
Currency Composition of Reserves, Denominated in Japanese Yen0
Currency Composition of Reserves, Denominated in UK Pound Sterling0
currencies not in SDR basket0

About the statistics

The final/preliminary figures for international reserves and foreign currency liquidity are published monthly on behalf of Norges Bank, the central bank of Norway. Publishing of these figures is a part of the central banks obligations according to IMF’s Special Dissemination Standard (SDDS).

Definitions

Definitions of the main concepts and variables

A brief description of the financial institutions and instruments:

Norges Bank: The Central Bank of Norway exercise advisory, excecutant and control functions related to exchange rate-, credit- and monetary policy.

NBIM: Norges Bank Investment Management. NBIM is responsible for investing the Norwegian Government Pension Fund's international assets. In addition to managing the Pension Fund's international assets, NBIM also manages the major share of Norges Bank’s foreign exchange reserves and the Government Petroleum Insurance Fund. NBIM invests in international equities and fixed income instruments, money market instruments and derivatives.

The balance sheet: The balance shows assets, debt and equity by the end of a financial year.

International reserves: Liquid currency claims abroad under the control of monetary authorities.

Foreign currency liquidity: (1) Liquid currency reserves (international reserves and other reserves) under control of the authority. (2) Actual and conditional future net currency flows which affect currency claims (short-term debt in currency and activities off balance).

Future short term obligations: Net currency flows as a result of the authority’s financial activity versus domestic and foreign customers the coming 12 months.

Monetary authorities: The Central Bank

Standard classifications

Data are compiled according to the guidelines provided in the IMFs’ ´´Data Template on International Reserves and Foreign Currency Liquidity &– Operational Guidelines´´.

Administrative information

Name and topic

Name: International reserves and foreign currency liquidity
Topic: External economy

Next release

Responsible division

Division for Financial Corporations

Regional level

Only at the national level.

Frequency and timeliness

Monthly:

Preliminary figures for total international reserves will be published on the fifth working after the end of the reference month.

Final figures for international reserves and foreign currency liquidity will be published on the 21st (or the following business day) after the end of the reference month.

International reporting

International Monetary Fund (IMF).

Microdata

Not relevant

Background

Background and purpose

Norway adheres to the International Monetary Funds’ (IMF) Special Data Dissemination Standard (SDDS) which among other things obliges the member countries’ central banks to publish a detailed overview of international reserves and foreign currency liquidity.

Users and applications

The International Monetary Fund (IMF), Norges Bank and Statistics Norway.

Equal treatment of users

Not relevant

Coherence with other statistics

Coherence with Norges Banks’ accounts.

Legal authority

The Statistics Act § 2-2

EEA reference

Not relevant

Production

Population

Section I. Includes international reserves and other foreign exchange claims based on market values from the asset side of the balance sheet.

Section II. Actual future short-term net foreign exchange flows from instruments that are not specified in Section I. Cash flows are stated at nominal value.

Section III. Conditional/possible future short-terms net foreign exchange flows to non-residents or residents.

Section IV: Specifications/other relevant information about:

i. positions and flows that are not explained in Section I-III but are considered relevant to assessing the reserves, the foreign currency liquidity position and risk exposure;

ii. additional details about positions and flows explained in Sections I-III;

iii. positions and flows broken down or valued in another way than in Sections I-III.

The data are published in millions of NOK at approximate market value or nominal value. The Government petroleum Fund is not included in the figures. Norges Bank sold most of the gold reserves in the beginning of 2004. The remaining gold is not considered as a part of the official reserves.

Data sources and sampling

The data are obtained from Norges Banks’ accounts.

Collection of data, editing and estimations

Electronic reporting forms.

Data is controlled by Statistics Norway and Norges Bank.

The data are generally considered to be final at the time of release, and are usually not subject to revision. In the event of revisions, the monthly data become final at the time of the release of the monthly balance sheet of Norges Bank, 10 Norwegian working days after the end of the reference month. The monthly balance sheet is immediately published on the Norges Bank website (http://www.norges-bank.no). Revisions for earlier periods are usually made only for the end of the year, with monthly figures remaining unchanged.

Seasonal adjustment

Not relevant

Confidentiality

Not relevant

Comparability over time and space

Time series will be published.

Accuracy and reliability

Sources of error and uncertainty

Errors and inconsistencies in accounting data may occur. The sources to inconsistencies can be errors in the transmitting of data from Norges Bank.

Discrepancy between accounting- and trade date may occur.

Revision

Not relevant

Contact