ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)

6. Money market instruments and money at call (continued)

Money market instruments maturing after ninety days:

2023 $

2022 $

Commercial paper Certificate of deposits

258,168,796

93,865,543

3,201,088

-

261,369,884

93,865,543

Interest receivable

64,973

1,430,217

Total money market instruments and money at call

780,769,312

1,125,205,346

Less: allowance for impairment

-

(12,437)

Total money market instruments and money at call, net

780,769,312

1,125,192,909

Money market instruments include commercial paper purchased at discounts, term deposits and certificate of deposits with interest rates ranging from 0.19% to 5.17% (2022: 0.03% to 2.26%) during the year.

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 0.0% to 4.80% (2022: 0.0%) during the year.

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