Annual Economic and Financial Review -December 2018

2018 Economic and Financial Review NOTES FOR STATISTICAL TABLES AND MONETARY SURVEY

NOTES FOR STATISTICAL TABLES AND MONETARY SURVEY

All figures have been rounded to either the nearest whole number or the first decimal place (except in cases where values are small and need to be rounded off at two decimal places instead). -- denotes ‘nil’ 0.0 denotes ‘negligible’ n.a. denotes ‘not available’ ** denotes ‘not applicable’ R denotes ‘revised’ P denotes ‘provisional’ E denotes ‘ECCB estimates’

Some figures may differ from those in previous publications because of subsequent revision based on more accurate data.

MONETARY SURVEY 1. Central government represents central and local government. 1.1 Domestic Credit to Central Government (net)

Central Bank and commercial banks’ total holdings of Treasury Bills and Debentures plus Central Bank and commercial banks’ loans and advances to central government plus Central Bank interest due on Securities

minus Total central government deposits held with the Central Bank and commercial banks minus Sinking Fund Call Account and Government Operating Account held with the Central Bank 2. Other Public Sector represents national insurance (social security scheme) and non-financial public enterprises. 3. Private Sector represents households, private businesses, non-bank financial institutions, and subsidiaries and affiliates. 4. Money Supply (M1) = currency plus total private sector demand deposits plus EC cheques and drafts issued. 5. Currency = total currency liabilities of the Central Bank less commercial banks’ holdings of local currency cash. 6. Demand Deposits = total private businesses, households, non-bank financial institutions, and subsidiaries and affiliates residents’ demand deposits. 7. Savings Deposits = total private businesses, households, non-bank financial institutions, and subsidiaries and affiliates residents’ savings deposits. 8. Time Deposits = total private businesses, households, non-bank financial institutions, and subsidiaries and affiliates residents’ time deposits. 9. Foreign Currency Deposits = total private businesses, households, non-bank financial institutions, and subsidiaries and affiliates residents’ foreign currency deposits.

______________________________________________________________________________ 121 Eastern Caribbean Central Bank