ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Notes to Consolidated Financial Statements

For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)

3. Financial risk management (continued)

e) Fair value (continued)

(i) Financial instruments not measured at fair value

The following table sets out the fair values of financial instruments not measured at fair value and analyses them by the level in the fair value hierarchy into which each fair value measurement is categorised:

31 March 2023

Level 1

Level 2

Level 3

Total fair values Total carrying amount

$

$

$

$

$

Financial assets Balances with other central banks

-

17,814,003

-

17,814,003

17,814,003

Balances with foreign banks

-

1,020,689

-

1,020,689

1,020,689

Money market instruments and money at call

-

870,824,928

-

870,824,928

870,824,928

Cash and balances with local banks

-

1,150,207

-

1,150,207

1,150,207

Participating governments’ securities

-

-

225,602,673

225,602,673

225,602,673

Participating governments’ advances

-

-

152,201,810

152,201,810

152,201,810

Accounts receivable

-

-

3,995,102

3,995,102

3,995,102

Financial liabilities Demand and deposit liabilities – domestic

-

5,680,620,668

-

5,680,620,668

5,680,620,668

Lease liabilities

-

2,918,573

-

2,918,573

2,918,573

Demand and deposit liabilities – foreign

-

72,055,416

-

72,055,416

72,055,416

IMF government general resource accounts

-

1,176,613

-

1,176,613

1,176,613

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