Slight changes in CBM’s Balance Sheet

The Central Bank has kept its monthly appointment and published the balance sheet for the month of April. There are only slight changes in figures as reported for the previous month.
Central Bank’s holdings in Gold, precious metals, deposits with the IMF, convertible currencies and other foreign assets, decreased by less than 1%, as investments in Malta Government Securities increased to partially make up for this decline. Other assets held by the bank also decreased. Basically that is all there is to report on this month’s asset figures.
On the liabilities side the first slight change was an increase in the negative reserve for fair value adjustment of assets. The value of currency in circulation decreased. Now per capita, the figure is of Lm1165 in notes and coins as against around Lm20 more in the previous month. In April, whilst the banks decreased their deposits with the Central Bank by circa Lm52 million, the government and others more than offset this shortfall and increased its funds with its fully owned banker.
The Central Bank also explains that the value of external assets holdings is more than the deposits presented and held by the bank reaching just over 102%.