ECCB 2017-2018 Annual Report and Statement of Accounts

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ECCB ANNUAL REPORT 2017/2018

(expressed in Eastern Caribbean dollars) Eastern Caribbean Central Bank Notes to the Financial Statements March 31, 2018 (expressed in Eastern Caribbean dollars) 5. Money market instruments and money at call By currency Balances denominated in United States dollars Balances denominated in Australian dollars Balances denominated in Canadian dollars

EASTERN CARIBBEAN CENTRAL BANK NOTES TO THE FINANCIAL STATEMENTS

March 31, 2018

2018 $

2017 $

1,506,443,026

1,614,481,202

524

450 127

-

1,506,443,550

1,614,481,779

2,401,280

Interest receivable

1,864,406

Total money market instruments and money at call

1,508,844,830

1,616,346,185

2018 $

2017 $

By financial instrument type

Money market instruments maturing in less than ninety days: Money at call

168,020,340 504,621,782 348,395,485 72,640,445

129,678,202 674,509,299 238,997,591 148,177,810

Term deposits Commercial paper Certificate of deposits

1,093,678,052

Included in cash and cash equivalents (note 24)

1,191,362,902

Money market instruments maturing after ninety days: Commercial paper

196,345,255

210,923,831 27,000,000 185,195,046

Term deposits

-

216,420,243

Certificate of deposits

412,765,498

423,118,877

2,401,280

Interest receivable

1,864,406

Total money market instruments and money at call

1,508,844,830

1,616,346,185

Money market instruments include commercial paper purchased at discounts, term deposits and certificate of deposits with interest rates ranging from 0.00% to 2.27% (2017: 0.63% to 1.93%). Money at call includes cash balances available to the Bank’s money managers and funds held at the United States Federal Reserve Bank for the day to day operations of the Bank. These balances earned interest at rates ranging from 0.00 % to 0.1.8% (2017: 0.00% to 0.36%) during the year.

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