Source: CBI / Research & Statistics Dept. / Monetary & Financial statistics Division

[yota691]

KEY FINANCIAL INDICATORS FOR Dec. 14, 2011 2002 2003 2004 2005 2006 2010 2011 The week ending 2011

Dec. Dec. Dec. Dec. Dec. Dec. Dec Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep. Oct Nov 27-Oct 03-Nov 10-Nov 17-Nov 24-Nov 01-Dec 08-Dec

Exchange rate (ID/USD) in auction (daily average) 2214 1690 1460 1474 1391 1217 1172 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170 1170

Inflation Consumer Price Index (1993 = 100) 5,499 8,079 10,639 14,002 23,079 24,157 25,788 24,650

Core Inflation Consumer Price Index Exclude ( F&L and T&C ) ( 1993=100 ) 5,049 6,494 8,850 11,386 15,020 16,865 18,846 19,997

New Inflation Consumer Price Index (2007 = 100) 123.8 123.3 123.6 123.8 123.8 123.0 122.6 123.0 126.0 127.3 128.1 128.3 127.9 130.5 130.9 130.0 131.0 131.1 130.1 130.6 132.6 133.8 134.2

New Core Inflation Consumer Price Index ( 2007=100 ) 7 123.5 123.6 123.3 123.4 123.6 123.7 123.7 124.1 124.8 125.5 127.2 127.4 127.6 130.1 130.1 130.4 131.1 131.5 131.6 132.9 134.3 134.6 136.0

Interest Rates:

a-MOF

Rates on 91 day auctions (period average ) 6 6.35 6.0 8.9 15.0 21.0 15.5 5.75

Amount sold (in millions of ID) 324,580 400,030 50,500 110,000 200,020 376,010

Amount redeemed (in millions of ID) 300,020 350,010 200,000 400,050 169,010 211,000 381,520 376,010

Stock Outstanding (end of period in millions of ID) 924,650 1,200,070 251,500 519,000 500,050 968,530 757,530 376,010 -

Rates on 182 day auctions (period average ) 6 6.5 6.0 10 10 10.5 10.5 8.5 9.5 7.9 10.0 10.0 10.0 10.0 9.8 9.5 9.5 9.4 9.3 9.3

Amount sold (in millions of ID) 200,000 300,500 141,500 321,500 141,000 110,500 200,010 200,000 150,010 193,000 300,000 145,000 306,000 255,000 389,120 156,500 150,000 120,720 120,720

Amount redeemed (in millions of ID) 200,000 300,500 141,500 321,500 141,000 110,500 200,010 200,000 150,010 193,000 300,000 145,000 306,000 86,000 150,000 70,000

Stock Outstanding (end of period in millions of ID) 200,000 500,500 500,500 500,500 500,500 500,500 442,000 463,000 604,000 714,500 914,510 1,114,510 1,123,020 994,520 1,153,520 1,188,020 1,294,010 1,349,010 1,588,120 1,551,620 1,401,620 1,256,620 1,071,340

Rates on 365 day auctions (period average ) 6 7 3.3 6 5.60 7.25

Amount sold (in millions of ID) 161,000 3,125,000 283,510 21,000 170,000

Amount redeemed (in millions of ID) 3,159,733 161,000 200,000 633,777 81,000 110,000

Stock Outstanding (end of period in millions of ID) 3,510,000 3,671,000 3,671,000 6,796,000 7,079,510 7,100,510 7,270,510 7,270,510 7,270,510 7,270,510 7,270,510 7,270,510 4,110,777 3,949,777 3,949,777 3,749,777 3,116,000 3,035,000 2,925,000 2,925,000 2,925,000 2,925,000 2,925,000 2,925,000

b-CBI (end of period, annual % )

Policy Rate 6 7 16 20 15 7 7 7 7 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6

Credit Facilities - Primary 8 9 18 22 17 9 9 9 9 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8

Secondary 9 10 19 23 18 10 10 10 10 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9

Lender of Last Resort 9.5 10.5 19.5 23.5 18.5 10.5 10.5 10.5 10.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5

Deposit Facilities

ID Overnight deposits 4 5 14

ID 7 day deposits 18 13 5 5 5 5 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4

ID 14 day deposits 6 15 19 14

ID 30 day deposits 7 16 20 15

USD overnight deposits 2 2.5 2.75

USD 7 day deposits 2.75 2.0

USD 30 day deposits 3 3.25 3.25 2.25

USD 90 day deposits 3.25 3.5 3.5 2.5

CBI Bills

91 day maturity discount rate 5.50 5.17 5.1 5.3 7 7.4 7.5 7.5 7.5 6.0 7.5 7.5 7.5 7.5 7.45 7.5 7.5 7.2 7.25 6.50 7.0 6.5 6

182 day maturity discount rate 15.0 21.0 - 5.5 5.75 5.50

c- Commercial Banks (end of period, annual % )

ID Bank deposits (one year fixed) 9 9 8 7.1 7.7 12.3 10.1 8.0 7.47 7.47 7.43 7.18 7.19 7.19 7.19 7.13 7.03 7.00 7.00 6.77 6.9 6.8 6.9 6.9 6.9 6.9 6.9 6.9 6.9 7.0 7.0

FX Bank deposits (one year fixed) … … 4 3.7 4.2 4.7 4.3 3.9 2.91 3.62 3.60 3.43 3.42 3.42 3.42 3.42 3.38 3.38 3.38 3.38 3.4 3.4 3.4 3.4 3.4 3.6 3.6 3.6 3.6 3.6 3.6

ID Bank loans ( 1+ - 5 year) 15 15 13 14 15.7 21.8 18.0 14.4 13.81 13.81 13.82 13.13 13.13 13.13 13.13 13.19 13.19 13.19 13.19 13.19 13.3 13.4 13.5 13.5 13.5 13.5 13.8 13.7 13.7 13.7 13.7

FX Bank loans (1+ - 5 year ) … … 8.6 10.9 11.9 16.4 16.4 14.1 13.23 13.23 13.37 12.77 12.77 12.77 12.77 12.83 12.82 12.82 12.82 12.82 13.1 13.1 12.9 13.3 13.3 13.2 13.2 13.2 13.2 13.2 13.2

Monetary Base (End of period, in billions of Iraqi dinars)

Sources (a+ 2,701 6,708 12,219 13,795 17,521 28,808 42,859 45,270 42,799 43,054 40,665 40,778 42,985 44,856 45,177 45,920 46,316 46,825 48,327 53,810 51,742 49,924 48,369 53,014 52,572 53,295 54,630 55,350 55,240 56,950

a - Net Foreign Assets of CBI 8,949 1,600 10,742 17,366 25,973 38,217 58,718 49,792 50,943 49,148 49,339 49,182 46,442 46,455 47,950 49,693 54,987 52,570 54,468 57,185 58,215 57,194 56,623 60,921 61,835 61,290 60,762 65,037 63,943 65,454 65,780 65,305 68,489 68,489 68,013 66,820 70,482

Gross Foreign Assets of CBI 8,949 1,916 11,537 17,996 26,569 38,217 58,718 51,873 53,006 51,182 51,354 51,184 48,399 48,418 49,970 51,696 57,053 54,653 56,493 59,229 60,288 59,282 58,728 63,073 63,960 63,414 62,884 67,178 66,023 67,559 67,885 67,410 70,594 70,594 70,118 68,925 72,587

Gold and SDRs 5 66 114 1,176 1,122 1,081 689 668 2,685 2,658 2,631 2,606 2,604 2,557 2,572 2,622 2,618 2,703 2,732 2,670 2,695 2,710 2,747 2,763 2,837 2,807 2,794 2,818 2,873 2,760 2,812 2,762 2,818 2,806 2,806 2,779 2,753 2,773

Investments 5,664 7,225 12,926 21,582 35,871 54,232 47,276 48,697 47,129 47,610 47,105 44,566 44,206 46,129 47,787 52,982 50,155 52,133 55,001 56,215 55,298 54,923 58,831 59,991 59,376 58,510 63,008 62,291 63,554 63,836 63,385 66,180 66,180 65,859 64,798 68,538

Cash in CBI Vaults 3,219 1,802 3,136 3,948 3,906 1,657 3,818 1,912 1,651 1,422 1,138 1,475 1,276 1,640 1,219 1,291 1,368 1,766 1,690 1,533 1,363 1,237 1,042 1,405 1,162 1,244 1,556 1,297 972 1,193 1,287 1,207 1,608 1,608 1,480 1,374 1,276

Less Foreign Liabilities of CBI 0 316 795 630 596 0.024 0.024 2,081 2,063 2,034 2,015 2,002 1,957 1,963 2,020 2,003 2,066 2,083 2,025 2,044 2,073 2,088 2,105 2,152 2,125 2,124 2,122 2,141 2,080 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105

Foreign sector foreign currency current account 316 795 630 596 0.024 0.024 2,081 2,063 2,034 2,015 2,002 1,957 1,963 2,020 2,003 2,066 2,083 2,025 2,044 2,073 2,088 2,105 2,152 2,125 2,124 2,122 2,141 2,080 2,105 2,105 2,105 2,105 2,105 2,105 2,105 2,105

b - Net Domestic Assets of CBI -6,248 5,108 1,477 -3,571 -8,452 -9,409 -15,859 -4,522 -8,144 -6,094 -8,674 -8,404 -3,457 -1,599 -2,773 -3,773 -8,671 -5,745 -6,141 -3,375 -6,473 -7,270 -8,254 -7,907 -9,263 -7,995 -6,132 -9,687 -8,703 -8,504

of which

Net claims on central government 3,233 3,975 4,273 1,598 1,673 -1,615 -8,362 4,023 1,482 2,929 1,355 358 2,818 1,808 3,638 3,706 3,569 3,072 1,195 3,689 2,141 2,383 2,217 3,901 2,080 2,198 4,658 2,027 387 3,919 4,328 3,507 4,172 4,175 1,702 3,652 4,318 1,589

Rescheduled MOF obligations 5,664 5,339 4,756 4,963 4,980 4,996 5,014 5,031 5,048 5,065 5,083 5,100 5,117 5,135 5,152 5,169 5,187 5,203 5,094 5,111 5,128 5,017 5,034 5,050 4,938 4,954 4,970 4,952 4,956 4,959 4,963 4,967 4,970 4,974

Holdings of treasury bills 2,654 2,874 2,528 2,528

Discounted T-Bills 206 707 707

Overdrafts 618 909 1,448 1,821

less Domestic currency deposits of MOF 39 14 595 2,110 3,462 3,414 8,206 814 2,859 1,469 2,915 3,195 57 1,116 569 866 661 315 2,240 940 2,579 2,365 2,084 757 2,968 2,092 1 2,281 3,797 396 7 777 153 153 2,624 679 28 2,761

less Foreign exchange deposits of MOF -185 1,348 529 3,540 4,912 126 639 598 744 1,478 2,173 2,141 876 528 887 1,748 1,717 540 467 455 793 453 80 727 375 742 754 639 635 668 631 631 637 636 624 624

Net claims on commercial banks 0 0 -1,894 -2,844 -7,277 -8,248 -6,871 -5,570 -7,011 -7,312 -7,171 -6,449 -6,167 -4,349 -5,061 -5,115 -5,157 -4,891 -4,732 -4,476 -4,647 -5,245 -5,874 -5,016 -5,097 -4,637 -4,644 -5,093 -5,009 -6,021 -6,103 -5,957 -6,323 -6,323 -6,140 -6,155 -6,149 -6,160

Credits 20 11 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Less Deposits and bills (excluding overnight ID) 4 0 0 1,894 2,864 7,288 8,248 6,871 5,570 7,011 7,312 7,171 6,449 6,167 4,349 5,061 5,115 5,157 4,891 4,732 4,476 4,647 5,245 5,874 5,016 5,097 4,637 4,644 5,093 5,009 6,021 6,103 5,957 6,323 6,323 6,140 6,155 6,149 6,160

7 day ID deposits 2,381 940 2,803 3,086 3,366 2,843 2,390 2,272 967 1,899 1,927 1,844 1,498 1,076 1,066 1,280 1,825 1,913 1,051 1,231 948 1,044 1,216 1,301 1,887 2,245 1,833 2,300 2,300 2,205 2,161 2,286 2,225

14 day ID deposits 304 591 572 705 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

30 day ID deposits 1,082 3,066 539 1,106 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The amount of CBI " bills outstanding 1,720 2,875 2,316 1,200 1,200 1,200 1,300 1,148 963 463 215 100 400 600 600 400 400 500 700 700 700 600 600 600 600 600 500 600 500 500 500 600 500 600

USD Current Account deposits 1,894 723 471 973 1,785 1,567 2,725 2,746 3,028 2,911 2,932 2,919 2,947 3,088 2,913 2,793 3,056 3,010 2,967 2,920 3,261 3,265 3,166 3,089 3,000 3,277 3,108 3,534 3,358 3,524 3,523 3,523 3,435 3,394 3,363 3,335

Term USD deposits 4 0 0 0 755 1,440 908 19 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Overnight 702 557

7 day 149 13 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

30 day 46 878 759 6 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

90 day 7 5 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Uses (a+ 2,701 6,708 12,219 13,795 17,521 28,808 42,859 45,270 42,799 43,054 40,665 40,778 42,985 44,856 45,177 45,920 46,316 46,825 48,327 53,810 51,742 49,924 48,369 53,014 52,572 53,295 54,630 55,350 55,240 56,950

a - Currency outside banks 2,564 4,630 7,163 9,113 10,968 14,232 18,493 21,776 21,517 21,902 22,656 23,242 23,344 23,586 23,755 23,362 23,168 23,368 23,881 24,342 24,435 24,356 24,747 24,987 25,197 25,331 25,358 26,308 25,849 26,757

b - Bank reserves 137 2,078 5,056 4,682 6,553 14,576 24,366 23,494 21,282 21,152 18,009 17,536 19,641 21,270 21,422 22,558 23,148 23,457 24,446 29,468 27,307 25,568 23,622 28,027 27,375 27,964 29,272 29,042 29,391 30,193

ID Current Account 1,052 4,199 2,327 4,173 13,176 21,554 21,101 18,623 18,474 15,190 14,717 16,325 18,283 18,386 19,198 19,606 19,873 20,989 26,303 23,778 22,206 20,054 24,492 23,535 24,114 25,288 25,208 24,896 25,759 26,749 25,939 25,349 25,349 25,784 26,658 26,534 27,048

Overnight ID deposits 1 1,212 1432

ID vault cash 2 137 1,026 857 1,143 948 1,400 2,812 2,393 2,659 2,678 2,819 2,819 3,316 2,987 3,036 3,360 3,542 3,584 3,457 3,165 3,529 3,362 3,568 3,535 3,840 3,850 3,984 3,834 4,495 4,434

Money Supply (End of period , in billions of Iraqi dinars)

M1 10,149 11,399 15,460 21,721 28,190 37,300 37,822 39,269 41,035 43,005 44,768 47,467 47,666 48,047 47,811 49,042 49,808 51,743 51,838 50,975 49,568 50,310 50,495 53,184 55,000 55,478 55,505

M2 12,254 14,684 21,080 26,956 34,920 45,438 46,211 47,666 49,265 51,224 53,051 55,851 55,874 56,388 56,213 57,299 58,201 60,386 60,809 59,740 58,453 59,265 59,602 62,322 64,438 65,125 65,111

Of which: Deposits component of M2 5,091 5,571 10,112 12,724 16,427 23,662 24,694 25,764 26,609 27,982 29,707 32,265 32,119 33,026 33,045 33,931 34,320 36,044 36,374 35,384 33,706 34,278 34,405 36,991 39,080 38,817 39,262

Foreign currency deposits 1,064 4,501 6,192 5,193 7,597 8,902 8,457 8,119 8,713 8,476 8,384 8,031 8,502 8,384 8,724 8,131 5,367 4,763 5,567 5,442 6,123 7,321 7,363 7,987 7,762 7,571 8,234 8,730

Reserve Requirement (reserve maintenance period, in billions of Iraqi dinars)

a - Required Reserves 3 1,605 2,966 4,078 12,084 19,994 9,417 9,341 9,850 9,970 7,901 8,231 8,301 8,704 8,870 6,467 6,686 6,581 7,155 6,821 6,909 6,993 6,733 7,038 7,189 7,224 7,403 7,297 7,729

b - Excess Current Account 3,198 2,077 3,265 2,820 1,790 12,929 16,758 16,253 15,587 14,606 15,675 17,896 17,725 18,469 22,128 20,497 22,179 28,401 21,993 20,480 18,556 22,790 21,500 21,807 22,836 22,570 22,542 23,518

Source: CBI / Research & Statistics Dept. / Monetary & Financial statistics Division

Note:1 From July 1, 2007 the ID overnight deposits were replaced with 7 day deposits, and thus no longer included in base Money and Excess Reserves. The USD Overnight deposits were replaced by 7 day deposits from Oct 1, 2007."

Note:2, The weekly vault cash include the banknote only ( without coins )

Note :3, 25% of the Reservable Deposits included the government Deposits Since May 2005, then became 75%of Reservable Gov. Deposits since July,2007. So 25% of the Reservable Deposits included the government Deposits Since March 2009. The reserve requirement has dropped from 25 to 20 percent since April 2010. The reserve requirement has dropped from 20 to 15 percent since Sep. 2010

Note :4 Both ( 14 & 30 day ID And 7 & 30 & 90 USD) deposits closed since March,1,2009

Note :5 Starting from October 2009, the increasing in SDR is according to the IMF revised treatment of SDR Allocations in Monetary Statistics.

Note :6, The MOF issued a non tradable bills to Rafidain & Rashid for some projects at 25th of August 2009 and at 10th of September 2009 respectively. So the MOF stopped issueing the Tbills of 91 days and replaced by one year and 182 days Tbills from Jan.2010.

Note: 7 New Core Inflation: ( exclude the fruit & vegetables and Kerosene & LPG )

The reason behind the monthly and annual inflation as well as the core inflation increase for Jan. 2011, which amounts to 2% , 5.8% and 5.3% respectively, belongs to considering the new electricity rate.

preliminary

Memorandom Items 2010 2011

Dec./02 Dec./03 Dec./04 Dec./05 Dec./06 Dec./07 Dec Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov

Growth rate from previous month

Base money 148.35 93.10 13.92 109.93 69.18 143.10 55.06 -49.01 7.39 -49.59 3.39 88.23 66.74 8.93 21.62 10.85 14.01 46.06 263.14 -37.52 -34.90 -31.59 200.53 -9.56 17.81 34.57 17.01 -2.36 44.17

M1 613.53 113.46 315.76 110.46 58.05 54.19 18.15 56.91 69.53 75.54 61.95 101.88 5.15 10.02 -5.74 35.67 20.44 57.99 2.23 -18.25 -28.53 19.52 4.50 86.38 49.62 10.94 0.59

M2 1217.09 236.43 131.19 412.81 59.93 54.77 22.44 45.06 48.58 59.67 52.28 85.37 0.50 11.62 -3.66 25.81 20.61 55.62 8.74 -19.17 -23.00 18.00 7.04 70.83 49.28 13.57 -0.26

Exchange rate (ID/USD) in auction (daily average) -23.67 0.00 0.00 -40.74 -9.35 -3.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Gross Foreign exchange assets of CBI -78.59 5162.63 78.96 518.18 403.46 249.61 -6.32 29.60 -34.31 4.11 -3.90 -48.90 0.47 46.03 50.30 226.48 -40.29 48.79 76.39 23.70 -18.28 -10.66 135.49 18.24 -9.78 -9.58 120.92 -18.79 31.78 5.95

Growth rate from previous six months

Base money 82.62 -0.60 28.57 98.97 37.75 15.35 -2.95 10.53 -4.24 -8.35 -3.00 -1.82 11.42 13.76 29.72 31.86 26.40 43.91 31.18 18.20 9.06 28.18 18.34 -1.90 11.47 22.92 30.43 15.40

M1 60.70 12.71 65.76 82.22 45.63 53.51 48.05 51.27 36.11 49.96 54.83 61.94 58.83 49.70 35.75 30.05 23.78 18.83 18.27 12.56 7.48 5.24 2.78 5.65 12.57 18.45 25.39

M2 79.47 13.35 45.33 105.78 50.33 44.41 41.80 44.23 31.37 42.43 46.61 51.09 46.19 39.94 30.20 25.13 20.36 16.90 18.44 12.24 8.13 6.98 4.87 6.51 12.29 18.84 24.08

Exchange rate (ID/USD) in auction (daily average) 0.27 1.23 -11.31 -6.11 -4.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Gross Foreign exchange assets of CBI 512.41 96.90 106.28 109.73 30.37 5.08 1.76 8.29 9.19 4.46 -13.89 -12.88 -11.13 2.02 23.43 14.01 36.24 49.64 45.56 31.50 5.96 33.19 28.18 14.63 8.80 28.41 26.39 14.73 12.65

Inflation(Monthly Growth) 3.33 2.44 11.31 0.83 0.84 1.33

Inflation(6-months) 68.38 54.94 81.01 -6.98 20.82 8.77

Inflation(12-months) 46.92 31.69 31.61 64.83 4.67 6.75 -4.41

Core Inflation Year-over-Year Percentage Changes 28.62 36.29 28.65 31.92 12.29 11.75 6.11

New Inflation(Monthly Growth) -0.56 -0.40 0.24 0.16 0.00 -0.65 -0.33 0.33 2.44 1.03 0.63 0.16 -0.31 2.03 0.31 -0.69 0.77 0.08 -0.76 0.38 1.53 0.90 0.30

New Inflation(12-months) 2.24 2.49 3.43 2.91 1.57 1.66 0.57 1.69 2.66 3.56 3.05 3.31 5.84 5.91 5.01 5.82 6.59 6.12 6.18 5.24 5.11 4.76

New Core Inflation Year-over-Year Percentage Changes 3.78 3.35 3.61 3.00 3.00 2.74 1.80 1.88 1.87 3.16 3.07 3.32 5.26 5.52 5.67 6.07 6.31 6.39 7.09 7.61 7.25 6.92

Fx assets/Base money(ratio) 3.31 0.29 0.94 1.30 1.52 1.33 1.37 1.15 1.24 1.19 1.26 1.26 1.13 1.08 1.11 1.13 1.23 1.17 1.17 1.10 1.17 1.19 1.21 1.19 1.22 1.19 1.15 1.21 1.20 1.19

Excess Reserves/Deposits 0.63 0.37 0.32 0.22 0.11 0.55 0.68 0.63 0.59 0.52 0.53 0.55 0.55 0.56 0.67 0.60 0.65 0.79 0.60 0.58 0.55 0.66 0.62 0.59 0.58 0.58 0.57

M2/Base Money (multiplier) 1.00 1.06 1.20 0.94 0.81 1.00 1.08 1.11 1.21 1.26 1.23 1.25 1.24 1.23 1.21 1.22 1.20 1.12 1.18 1.20 1.21 1.12 1.13 1.17 1.18 1.18 1.18http://www.cbi.iq/documents/key%20financial.xls

Edited December 23, 2011 by yota691

[fastarnie]

Even though I don't know what these numbers mean thank you for posting the news yota691.

[yota691]

I don't either figure somebody will comment an ty

[gakman]

AAAHHHH Is Alan Greenspan or Milton Friedman going to stop by for an interpretation?

[Goeers]

:lol: AW c'mon and do the math! It all comes out $3.22

[simon8957]

Thanks for the post...could someone please explain what I'm looking at. I need more pictures and there are only two smiley faces...Merry Christmas to all!!!

[winterset]

Don't know what it is supposed to mean but I can tell that in 2002 the dinar was only worth half as much as today.

I guess as long as it doesn't ever go the other direction, one day our money will come!

Thanks for the post...could someone please explain what I'm looking at. I need more pictures and there are only two smiley faces...Merry Christmas to all!!!

Just thought I would give ya more pictures

[Carrello]

Thanks Yota. Merry Christmas.

[NeedRv]

does anyone have their superman secret decoder ring handy to decypher what all that means....

thank you

Happy Holidays.....

GO RV!

[Stryker365]

This will make it easier to understand, please note that #'s are in Billions Iraq Dinar unless otherwise inticated.

Break Down :

KEY FINANCIAL INDICATORS FOR Dec. 14

The week ending 2011.........08-Dec

Exchange rate (ID/USD..............................................................................................1170

Inflation Consumer Price Index (1993 = 100) .........................................................24,650

Core Inflation Consumer Price Index Exclude ( F&L and T&C ) ( 1993=100 )........19,997

New Inflation Consumer Price Index (2007 = 100)....................................................136.0

Interest Rates.......:

Rates on 91 day auctions (period average )...............................................................5.75

Amount sold (in millions of ID)..............................................................................376,010

Amount redeemed (in millions of ID) ...................................................................376,010

Stock Outstanding (end of period in millions of ID)...............................................376,010

Rates on 182 day auctions (period average )...............................................................9.3

Amount sold (in millions of ID)...........1...................................................................20,720

Amount redeemed (in millions of ID) .....................................................................70,000

Stock Outstanding (end of period in millions of ID)............................................1,071,340

Rates on 365 day auctions (period average )............................................................7.25

Amount sold (in millions of ID).............................................................................170,000

Amount redeemed (in millions of ID)....................................................................110,000

Stock Outstanding (end of period in millions of ID)...........................................2,925,000

b-CBI (end of period, annual % )..........

Policy Rate..............................6

Credit Facilities - Primary.........8

Secondary...............................9

Lender of Last Resort...........9.5

Deposit Facilities........

ID Overnight deposits...............14

ID 7 day deposits........... ............4

ID 14 day deposits...................14

ID 30 day deposits.......... .........15

USD overnight deposits......... 2.75

USD 7 day deposits............ .....2.0

USD 30 day deposits............. 2.25

USD 90 day deposits........... ....2.5

CBI Bills

91 day maturity discount rate ............ ..............6

182 day maturity discount rate ...................5.50

[

b]c- Commercial Banks (end of period, annual % ) [/b]

ID Bank deposits (one year fixed) .................. 7.0

FX Bank deposits (one year fixed) … … .........3.6

ID Bank loans ( 1+ - 5 year) ........... ...............13.7

FX Bank loans (1+ - 5 year ) … … ..................13.2

Monetary Base (End of period, in billions of Iraqi dinars)

Sources (a+ .............56,950

a - Net Foreign Assets of CBI..............70,482

Gross Foreign Assets of CBI ..............72,587

Gold and SDRs ....................................2,773

Investments .......................................68,538

Cash in CBI Vaults...............................1,276

Less Foreign Liabilities of CBI .............2,105

b - Net Domestic Assets of CBI...........-8,504

of which

Net claims on central government.......1,589

Rescheduled MOF obligations.............4,974

Holdings of treasury bills .....................2,528

Discounted T-Bills ..................................707

Overdrafts.............................................1,821

less Domestic currency deposits of MOF 28.......... 2,761

less Foreign exchange deposits of MOF ..................624

Net claims on commercial banks ......................... -6,160

Credits 20 11 - - - - - - - - - - - - - - - - - - - - - -

Less Deposits and bills (excluding overnight ID) .......... 6,160

7 day ID deposits .............2,225

14 day ID deposits..............705

30 day ID deposits............1,106

The amount of CBI " bills outstanding .............600

USD Current Account deposits 1...................3,335

Term USD deposits ..................19

Overnight 702 557

7 day ...............13

30 day ...............6

90 day .............. 5

Uses (a+ ..........................................56,950

a - Currency outside banks ............26,757

b - Bank reserves ...........................30,193

ID Current Account 1..................... 27,048

Overnight ID deposits .......................1432

ID vault cash ....................................4,434

Money Supply (End of period , in billions of Iraqi dinars)

M1 ..................................................55,505

M2 ..................................................65,111

Of which: Deposits component of M2 ..........39,262

Foreign currency deposits .............................8,730

Reserve Requirement (reserve maintenance period, in billions of Iraqi dinars)

a - Required Reserves ...................................7,729

b - Excess Current Account .........................23,518

Source: CBI / Research & Statistics Dept. / Monetary & Financial statistics Division

Note:1 From July 1, 2007 the ID overnight deposits were replaced with 7 day deposits, and thus no longer included in base Money and Excess Reserves. The USD Overnight deposits were replaced by 7 day deposits from Oct 1, 2007."

Note:2, The weekly vault cash include the banknote only ( without coins )

Note :3, 25% of the Reservable Deposits included the government Deposits Since May 2005, then became 75%of Reservable Gov. Deposits since July,2007. So 25% of the Reservable Deposits included the government Deposits Since March 2009. The reserve requirement has dropped from 25 to 20 percent since April 2010. The reserve requirement has dropped from 20 to 15 percent since Sep. 2010

Note :4 Both ( 14 & 30 day ID And 7 & 30 & 90 USD) deposits closed since March,1,2009

Note :5 Starting from October 2009, the increasing in SDR is according to the IMF revised treatment of SDR Allocations in Monetary Statistics.

Note :6, The MOF issued a non tradable bills to Rafidain & Rashid for some projects at 25th of August 2009 and at 10th of September 2009 respectively. So the MOF stopped issueing the Tbills of 91 days and replaced by one year and 182 days Tbills from Jan.2010.

Note: 7 New Core Inflation: ( exclude the fruit & vegetables and Kerosene & LPG )

The reason behind the monthly and annual inflation as well as the core inflation increase for Jan. 2011, which amounts to 2% , 5.8% and 5.3% respectively, belongs to considering the new electricity rate.

preliminary

Memorandom Items 2011 Nov

Growth rate from previous month

Base money ...................44.17

M1 ...................................0.59

M2 ................................. -0.26

Exchange rate (ID/USD) in auction (daily average) -..........0.00

Gross Foreign exchange assets of CBI -........................... 5.95

Growth rate from previous six months

Base money ............................15.40

M1 ...........................................25.39

M2 .......................................... 24.08

Exchange rate (ID/USD) in auction (daily average)............0.00

Gross Foreign exchange assets of CBI ...........................12.65

Inflation(Monthly Growth)................................1.33

Inflation(6-months) ........................................ 8.77

Inflation(12-months) ......................................-4.41

Core Inflation Year-over-Year Percentage Changes ..............6.11

New Inflation(Monthly Growth)............................................... 0.30

New Inflation(12-months) ........................................................4.76

New Core Inflation Year-over-Year Percentage Changes ......6.92

Fx assets/Base money(ratio)...................................................1.19

Excess Reserves/Deposits ..................................................... 0.57

M2/Base Money (multiplier).................................................... 1.18

I hope this helped

http://www.cbi.iq/documents/key%20financial.xls

Read more:

Edited December 23, 2011 by Stryker365

[Stryker365]

This is the part that I need Keep to help with because I may be missing something here but to me it looks like everything is in Billions Iraqi Dinar not Trillions. Keep I know you told me why but could you help us all understand, Thanks in advance.

Now this looks to be thru Dec. 14th 2011, correct me if I'm wrong please!!!

Money Supply (End of period , in billions of Iraqi dinars)

M1 ..................................................55,505

M2 ..................................................65,111

Of which: Deposits component of M2 ..........39,262

Foreign currency deposits .............................8,730

Edited December 23, 2011 by Stryker365

[yota691]

your correct on the date

[Stryker365]

your correct on the date

Hey Yota, Good post and find on the date. Thanks for teaming up with me, it takes a team to figure this crazy news out.

Merry Christmas.....and here;s to a Happy New Year......come on Shabibi help us and all of Iraq out!!!!!!

[yota691]

Hey Yota, Good post and find on the date. Thanks for teaming up with me, it takes a team to figure this crazy news out.

Merry Christmas.....and here;s to a Happy New Year......come on Shabibi help us and all of Iraq out!!!!!!

I sense you would make something out this, and few more Dv members. Merry Christmas to you and your Family God Bless Everybody

[uncirculd]

Even though I don't know what these numbers mean thank you for posting the news yota691.

:D Long as you read, analyized it, and acknowledged it heck who cares. I love this. Thank you for the laughter.

[MrFnHappy]

This is the part that I need Keep to help with because I may be missing something here but to me it looks like everything is in Billions Iraqi Dinar not Trillions. Keep I know you told me why but could you help us all understand, Thanks in advance.

Now this looks to be thru Dec. 14th 2011, correct me if I'm wrong please!!!

Money Supply (End of period , in billions of Iraqi dinars)

M1 ..................................................55,505

M2 ..................................................65,111

Of which: Deposits component of M2 ..........39,262

Foreign currency deposits .............................8,730

It is in billions of dinar, but remember that 1000 billion is a trillion, so M2 is 65.1 Trillion

Hope this helps

[zigmeister]

Why do they refer to billions instead of trillions?

[tilak]

AAAHHHH Is Alan Greenspan or Milton Friedman going to stop by for an interpretation?

Friedman likes the Chinese economy....so he won't interpret unless it is a Communist based society....Greenspan believes in Kensian (sorry for spelling) economics and he won't interpret unless he is getting paid by the FED.....

[MrFnHappy]

Why do they refer to billions instead of trillions?

I believe it's for simplicity, numbers like 65T are 14 places long so it is much easier to express as thousands of billions (4 or 5 places long).

[Stryker365]

It is in billions of dinar, but remember that 1000 billion is a trillion, so M2 is 65.1 Trillion

Hope this helps

Wow....OK....I know but why would we need to multiply it to a trillion when it states its in billions?

What am I missing MrFnHappy?

I believe it's for simplicity, numbers like 65T are 14 places long so it is much easier to express as thousands of billions (4 or 5 places long).

Hey its starting to make since but does it tell us somewhere this is what they do. Believe me not trying to cause a debate here, just trying to wrap my limited brian around this.

Thanks, MrFnHappy

[tigerstripes]

Wow....OK....I know but why would we need to multiply it to a trillion when it states its in billions?

What am I missing MrFnHappy?

A lot of spreadsheets like these use exactly the same method. At the heading of the line they will state something like (in thousands), or (000's).

It just means that they don't have to input those extra zeros in every cell.

[Stryker365]

A lot of spreadsheets like these use exactly the same method. At the heading of the line they will state something like (in thousands), or (000's).

It just means that they don't have to input those extra zeros in every cell.

Yes tigerstripes and thanks but I have not seen this indicated, I'll go back and look tho.

[yota691]

KEY FINANCIAL INDICATORS FOR Dec. 14, 2011

Exchange rate (ID/USD) in auction (daily average) Millions from here

Inflation Consumer Price Index (1993 = 100)

Core Inflation Consumer Price Index Exclude ( F&L and T&C ) ( 1993=100 )

New Inflation Consumer Price Index (2007 = 100)

New Core Inflation Consumer Price Index ( 2007=100 ) 7

Interest Rates:

a-MOF

Rates on 91 day auctions (period average )

Amount sold (in millions of ID)

Amount redeemed (in millions of ID)

Stock Outstanding (end of period in millions of ID)

Rates on 182 day auctions (period average ) 6

Amount sold (in millions of ID)

Amount redeemed (in millions of ID)

Stock Outstanding (end of period in millions of ID)

Rates on 365 day auctions (period average ) 6

Amount sold (in millions of ID)

Amount redeemed (in millions of ID)

Stock Outstanding (end of period in millions of ID)

b-CBI (end of period, annual % )

Policy Rate

Credit Facilities - Primary

Secondary

Lender of Last Resort

Deposit Facilities

ID Overnight deposits

ID 7 day deposits

ID 14 day deposits

ID 30 day deposits

USD overnight deposits

USD 7 day deposits

USD 30 day deposits

USD 90 day deposits

CBI Bills

91 day maturity discount rate

182 day maturity discount rate

c- Commercial Banks (end of period, annual % )

ID Bank deposits (one year fixed)

FX Bank deposits (one year fixed)

ID Bank loans ( 1+ - 5 year)

FX Bank loans (1+ - 5 year ) to Here

Monetary Base (End of period, in billions of Iraqi dinars) Billions from here down

Sources (a+

a - Net Foreign Assets of CBI

Gross Foreign Assets of CBI

Gold and SDRs 5

Investments

Cash in CBI Vaults

Less Foreign Liabilities of CBI

Foreign sector foreign currency current account

b - Net Domestic Assets of CBI

of which

Net claims on central government

Rescheduled MOF obligations

Holdings of treasury bills

Discounted T-Bills

Overdrafts

less Domestic currency deposits of MOF

less Foreign exchange deposits of MOF

Net claims on commercial banks

Credits

Less Deposits and bills (excluding overnight ID) 4

7 day ID deposits

14 day ID deposits

30 day ID deposits

The amount of CBI " bills outstanding

USD Current Account deposits

Term USD deposits 4

Overnight

7 day

30 day

90 day

Uses (a+

a - Currency outside banks

b - Bank reserves

ID Current Account

Overnight ID deposits 1

ID vault cash 2

Money Supply (End of period , in billions of Iraqi dinars)

M1

M2

Of which: Deposits component of M2

Foreign currency deposits

Reserve Requirement (reserve maintenance period, in billions of Iraqi dinars)

a - Required Reserves 3

b - Excess Current Account

Source: CBI / Research & Statistics Dept. / Monetary & Financial statistics Division

Note:1 From July 1, 2007 the ID overnight deposits were replaced with 7 day deposits, and thus no longer included in base Money and Excess Reserves. The USD Overnight deposits were replaced by 7 day deposits from Oct 1, 2007."

Note:2, The weekly vault cash include the banknote only ( without coins )

Note :3, 25% of the Reservable Deposits included the government Deposits Since May 2005, then became 75%of Reservable Gov. Deposits since July,2007. So 25% of the Reservable Deposits included the government Deposits Since March 2009. The reserve requirement has dropped from 25 to 20 percent since April 2010. The reserve requirement has dropped from 20 to 15 percent since Sep. 2010

Note :4 Both ( 14 & 30 day ID And 7 & 30 & 90 USD) deposits closed since March,1,2009

Note :5 Starting from October 2009, the increasing in SDR is according to the IMF revised treatment of SDR Allocations in Monetary Statistics.

Note :6, The MOF issued a non tradable bills to Rafidain & Rashid for some projects at 25th of August 2009 and at 10th of September 2009 respectively. So the MOF stopped issueing the Tbills of 91 days and replaced by one year and 182 days Tbills from Jan.2010.

Note: 7 New Core Inflation: ( exclude the fruit & vegetables and Kerosene & LPG )

The reason behind the monthly and annual inflation as well as the core inflation increase for Jan. 2011, which amounts to 2% , 5.8% and 5.3% respectively, belongs to considering the new electricity rate.

[Jaxinjersey]

Wow....OK....I know but why would we need to multiply it to a trillion when it states its in billions?

What am I missing MrFnHappy?

Hey its starting to make since but does it tell us somewhere this is what they do. Believe me not trying to cause a debate here, just trying to wrap my limited brian around this.

Thanks, MrFnHappy

Stryker... think of it this way... if stated in billions, up to 999 would be 999 billion. Once you jump to 1,000... it's 1,000 billion which equals 1 Trillion. So any number stated as x,xxx billion is actually in trillions. Hope that helps!

[NWGUY]

These gotta be the back screen codes all the guru's are always talking about!!! You guys have discovered Okie's secret Intel!!!

Go RV!!!!