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 (continued)

31 March, 2022

Level 1

Level 2

Level 3

Total fair values

Total carrying amount

$

$

$

$

$

Financial assets

Balances with other central banks

-

-

13,482,886

13,482,886

13,482,886

Balances with foreign banks

-

-

692,982

692,982

692,982

Money market instruments and money at call

-

-

411,428,858

411,428,858

411,428,858

Cash and Balances with local banks

-

-

600,759

600,759

600,759

Participating governments’ securities

-

-

192,520,577

192,520,577

216,834,892

Participating governments’ advances

-

-

91,017,282

91,017,282

91,017,282

Accounts receivable

-

-

3,279,268

3,279,268

3,279,268

Financial liabilities

Demand and deposit liabilities – domestic

-

-

5,521,949,281

5,521,949,281

5,521,949,281

Lease Liabilities

-

-

2,414,020

2,414,020

2,414,020

Demand and deposit liabilities – foreign

-

-

55,169,474

55,169,474

55,169,474

-

-

IMF government general resource accounts

1,256,870

1,256,870

1,256,870

76