National Bank of Ethiopia

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MONETARY SURVEY

as at November 30, 2006

 (In Millions of Birr)

 

2005

September

2005

October

2005

November

2006

September

2006

October

2006

November

Foreign assets (net)

13179.7

13109.3

12402.0

11167.7

10904.5

11929.2

  National Bank

8378.6

8123.9

7572.8

5216.5

4960.0

5807.3

    Assets

12388.1

12135.8

11594.9

7373.6

7248.0

8005.6

    Liabilities

4009.5

4011.8

4022.1

2157.1

2288.0

2198.3

  Commercial Banks 1/ 3/

4801.1

4985.3

4829.3

5951.2

5944.5

6121.9

    Assets

6565.1

6838.9

6526.9

7732.2

7833.5

7905.7

    Liabilities

1764.0

1853.6

1697.6

1781.0

1889.0

1783.8

Domestic credit

43711.8

43508.7

44399.9

53144.0

53931.8

53739.3

  Claims on Government

24482.4

23964.0

24150.1

26344.4

26730.4

25065.3

    National Bank

21630.8

21899.6

22107.7

19668.5

21958.1

20861.2

    Commercial Banks

2851.5

2064.4

2042.4

6675.9

4772.4

4204.0

  Claims on other sectors

19229.4

19544.8

20249.8

26799.6

27201.4

28674.1

    National Bank

0.0

0.0

0.0

0.0

0.0

0.0

    Commercial Banks

19229.4

19544.8

20249.8

26799.6

27201.4

28674.1

Broad Money

41833.2

41434.3

41342.7

49526.9

48829.2

49811.3

  Money

21406.7

20968.5

20733.8

25679.9

24822.0

25592.7

   Currency outside banks 2/

9552.7

9246.5

9440.0

10867.1

11313.1

11606.4

    Demand deposits

11854.0

11722.0

11293.8

14812.9

13508.8

13986.4

  Quasi-money

20426.5

20465.8

20608.9

23846.9

24007.3

24218.6

    Savings deposits

18711.9

18759.6

18864.3

21472.8

21592.7

21677.1

    Time deposits

1714.6

1706.2

1744.6

2374.2

2414.6

2541.5

Other items (net)

15058.3

15183.7

15459.2

14784.8

16007.1

15857.2

  National Bank

20456.7

20777.0

20240.5

14017.9

15605.0

15062.2

    Commercial Banks

-5398.4

-5593.3

-4781.3

766.9

402.1

795.0

Net Domestic Assets

28653.5

28325.0

28940.7

38359.2

37924.8

37882.1

Net Foreign Assets (excluding Birr in Eritrea)

11947.3

11876.8

11169.6

9935.2

9672.0

10696.7

Other Items (Net) (Excluding Birr in Eritrea)

13825.9

13951.2

14226.7

13552.4

14774.6

14624.7

Reserves (FA-UFC)

17498.8

17555.5

16727.4

15105.7

15081.4

15911.2

Minimum Reserves (NFA of NBE)

8378.6

8123.9

7572.8

5216.5

4960.0

5807.3

Reserves /Broad Money

0.4

0.4

0.4

0.3

0.3

0.3

Minimum Reserves/Broad Money

0.2

0.2

0.2

0.1

0.1

0.1

Currency Redeemed in Eritrea and Unclaimed in Ethiopia

-

-

-

-

-

-

 

 1/Commercial banks include CBE, CBB, AIB, Dashen, Abyssinia, Wegagen, United , Nib Bank. cooperative bank of oromia

 2/ The balance excludes old notes of Birr 1036.5 million redeemed in Eritrea and unclaimed in Ethiopia.

 3/ The balance includes Birr 1232.5 million net claim of CBE on Bank of Eritrea.