Central Bank - Cash and cash equivalents 2014

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Open Data Albania has updated information on 2014 cash and cash equivalents. According to the Bank of Albania, current accounts and deposits with maturity of less than three months term, as well as gold and other precious metals held within the country and abroad are considered as cash equivalents.




Source: Bank of Albania
Comments and analyses: ODA


In 2014, deposits in foreign banks amounted to ALL 30 billion, marking an increase compared to the previous year. In 2007, they amounted to ALL 40. 84 billion, or about 1.4 times more than in 2014. The highest value of deposits in foreign banks was achieved in 2008 when the deposited money amounted to ALL 58.8 billion.

Liquidity in local currency is ALL 28.59 billion compared to ALL 47.23 billion which was a year ago. Liquidity has been increased in each passing year and in 2014 liquidity in local currency suffered a drastic reduction for the first time.

Liquidity in foreign currency is significantly reduced in ALL 11 billion compared to 2013. As for the gold deposited by the Albanian state in banks abroad, in 2014 this amount run at ALL 9.569 billion. This category includes depositions the non-monetary gold, platinum and silver valued according to London fixed exchange rate at the reporting date.

Cash and its equivalents 2007-2014


Source: Bank of Albania
Comments and analyses: ODA

Cash and its equivalents 2007-2014
Value in million ALL


Source: Bank of Albania
Comments and analyses: ODA

As for the gold deposited by the Albanian state in banks abroad, this amount run at ALL 9.57 billion in 2014. This category includes deposition of non-monetary gold, platinum and silver valued by London fixed exchange rate at the reporting date.

In 2014, the Albanian state has deposited in banks abroad an amount of ALL 30 billion, or about 8 billion more than a year ago. The money deposited are nothing but money that have been deposited in banks abroad due to not finding a proper terrain to be invested in the country. During this year, current accounts made up 40.8% of the deposits in foreign banks, short-term deposits 59.2%, incoming contracts 0.1% and calculated interest rates were very low.



Source: Bank of Albania
Comments and analyses: ODA

Short-term deposits and current accounts in foreign banks have interest rates that are based on the currency of the deposit or current account. Future contracts are standard contracts for buying or selling a financial or non-financial asset, with a specific predetermined price at a future date. On 31 December 2014, net valuation of these contracts was ALL 17 million.



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    Contributer: Griselda Rruci
    Translated by: ODA
    Edited by: ODA