Producer Prices:
Bank of the Republic index, fixed-weight Laspeyres index (June 1999=100). The PPI covers 76 percent of domestically produced goods and 24 percent of imports. The index is based on the prices of 730 goods traded in the wholesale market and classified by origin;
460 goods are locally produced and 270 are imported. The PPI is calculated on the basis of 6,900 quotes for the various arti cles it comprises. Prices are obtained every month from a survey of a sample of 2,200 reporting entities. It covers 18 cities in which the Banco de la República has branches. Basic information for calculating the weights was obtained from the national accounts reported by Departamento Administrativo Nacional de Estadísticas (DANE) for 1994, and from the Annual Manufacturing Survey and the Foreign Trade Yearbooks. The Index weights are fixed, and at the beginning of 1999 have been revised on the basis of the 1994 national accounts compiled by DANE.
Consumer Prices:
National Department of Statistics index, weights reference period December 2008. The index covers prices of a basket of 181 items (so-called basic expenditure) purchased by individual households l ocated in the urban areas, which include the country’s 24 largest cities, namely, Bogotá, Medellín, Cali, Barranquilla, Bucaramanga, Manizales, Pasto, Pereira, Cartagena, Neiva, Montería, Cúcuta, and Villavicencio, Riohacha, Quibdo, Tunja, Armenia, Popayan, Florencia, Sincelejo, Ibague, and San Andres (the data exclude the population of rural areas). The weights were last revised in 2008, with data from the 2006–2007 Income and Expenditure Survey.
Manufacturing Production:
Source: National Department of Statistics. Weights Reference Period:
1990; Sectoral Coverage: the manufacturing sector; Basis for Calculation: the index measures output and sales values and is presented in nominal and real terms.
Crude Petroleum Production:
Bank of the Republic data (in thousands of barrels). Data for January 1996 onwards are based on production quantities as reported in the Oil Market Intelligence.
Employment:
Prior to 2001, the National Household Survey covered the seven principal cities of the country. From 2001 onward, the survey includes the 13 main cities.
International Transactions:
Total Exports and Imports in U.S. dollars are from the National Department of Statistics. Current data on Exports and Imports f. o. b. are transmitted by the Bank of the Republic and are based on preliminary registration figures of the Colombian External Trade Institute (INCOMEX). Coffee exports in U.S. dollars are from Bank of the Republic (table 5.2.2), as compiled by the National Federation of Colombian Coffeegrowers. Volume of Exports for Coffee are based on Bank of the Republic (table 5.2.2) data in physical quantities.
Export and Import Prices:
Data refer to Bank of the Republic indices of wholesale/producer prices of export goods and of import goods, respectively. The coffee export price index refers to the Bank of the Republic New York price quotation, as reported by the National Federation of Colombian Coffeegrowers.
Government Finance:
Data are derived from Bank of the Republic. Data cover budgetary central government and exclude the transactions of the decentralized agencies and the social security institutes. Revenue data include the repayments of loans granted to entities that do not form part of the nonfinancial public sector, and financing data include privatization receipts. The fiscal year ends December 31.
National Accounts:
Beginning in 1970, data are compiled by the National Department of Statistics (DANE). As indicated by the country, beginning in 1994, data are compiled according to the 1993 SNA.
Comoros 632
Date of Fund Membership:
September 21, 1976
Standard Source:
Banque Centrale des ComoresExchange Rates:
Official Rate: (End of Period and Period Average):
Prior to January 1999, the official rate was pegged to the French franc. On January 12, 1994, the Comorian franc was devalued to CF 75 per French franc from CF 50 at which it had been fixed since 1948.
From January 1, 1999, the CFAF is pegged to the euro at a rate of CFA franc 491.9677 per euro.
International Liquidity:
Data expressed in U.S. dollars on Foreign Exchange (line 1d.d) and Gold (line 1and) are derived from data denominated in national currency from components of the central bank’s Foreign Assets (line 11), using the end-of-period market rate (line ae).
Central Bank:
Consists of the Banque centrale des Comores (BCC) only, consolidating the accounts of headquarters located in Grande Comore and its two branches located in Anjouan and Moheli. Data are based on a standardized report form for central banks, which accords with the concepts and definitions of the IMF’s Monetary and Financial Statistics Manual (MFSM), 2000.
Other Depository Corporations:
Comprises commercial banks, savings and credit cooperatives (Union des mutuelles d’épargne et de crédit des Comores beginning in December 2005 and Union régionale des caisses Sanduk d’Anjouan beginning in December 2006), and banking activities of the Société nationale des postes et des services financiers including the Caisse nationale d’épargne (a national saving bank) and Comptes de chèques postaux (the post office checking accounts department).
Beginning in March 2011, includes the Banque de développement des Comores.
Data are based on a standardized report form for other depository corporations, which accords with the concepts and definitions of the Monetary and Financial Statistics Manual (MFSM). Departures from the MFSM methodology are explained below.
Accrual accounting and sectorization of counterpart transactors are not consistently applied by all reporting corporations.
Depository Corporations:
See notes on central bank and other depository corporations.
Other Financial Corporations:
Comprises the Banque de développement des Comores, the national development bank. Beginning in March 2011, the Banque de Développement des Comores was reclassified as an other depository corporation.
Data exclude insurance corporations and financial auxiliaries. There are no pension funds in Comoros.
Data are based on a standardized report form for other financial corporations, which accords with the concepts and definitions of the Monetary and Financial Statistics Manual (MFSM).
Monetary Aggregates:
Broad Money:
Broad Money calculated from the liability data in the sections for the central bank and other depository corporations accords with the concepts and definitions of the MFSM and is consistent with M2 described below.
Money (National Definitions):
M1 comprises banknotes and coins held by the public, and demand deposits of nonfinancial corporations, households (including diaspora), other financial corporations, and local governments with depository corporations.
M2 comprises M1 and time, savings, and foreign currency deposits of nonfinancial corporations, households (including diaspora), other financial corporations, and local governments with depository corporations.
Interest Rates:
Discount Rate (End of Period):
Rediscount rate charged by the BCC and set at the Euro Overnight Index Average + 1.5 percent.
Deposit Rate:
Rate offered by commercial banks on saving passbooks.
Lending Rate:
Commercial bank lending rates are regulated by the BCC in the form of a minimum and a maximum rate. Data provided is a simple average of the minimum and maximum rates.
Prices:
Consumer Prices:
Weights Reference Period: 1999; Geographical coverage; all African households in the city of Moroni; Number of items in basket: 180 items; Basis for calculation: the Consumption Budget Survey (EBC) carried out in 1995.
International Transactions:
All trade data are from Banque Centrale des Comores. Based on customs records.
Congo, Dem. Rep. of 636 Date of Fund Membership:
September 28, 1963
Standard Sources:
Banque central du Congo Institut National des Statistiques
Exchange Rates:
On July 1, 1998 the Congo franc, equal to 100,000 new zaïres, was introduced. On October 22, 1993 the new zaïre, equal to three million old zaïres, was introduced.
Official Rate: (End of Period and Period Average):
The market rate is freely determined in the interbank foreign exchange market. Beginning in December 2003, data refer to the official exchange rate as set by the Central Bank of Congo.
International Liquidity:
Line 1and is equal to line 1ad, converted into U.S. dollars at the dollar price of gold used by national sources, as reported to IFS.
Central Bank:
Consists of the Banque centrale du Congo (BCC) only, consolidating the accounts of headquarters located in Kinshasa and its branches.
Data are based on a standardized report form for central banks, which accords with the concepts and definitions of the IMF’s Monetary and Financial Statistics Manual (MFSM), 2000. Departures from the MFSM methodology are explained below.
For December 2001 through May 2007, some amounts of accounts receivable and payable are included in Other Items (Net) rather than in claims on and liabilities to the corresponding sectors. Beginning June 2007, data are based on an improved sectoring of counterparts and classification of assets.
Other Depository Corporations:
Comprises commercial banks and the Caisse générale d’épargne du Congo (a state owned saving bank). Beginning in December 2009, includes savings and credit cooperatives, and those microfinance institutions collecting deposits included in broad money.
Data are based on a standardized report form for other depository corporations, which accords with the concepts and definitions of the MFSM. For other depository corporations in the Democratic Republic of the Congo, departures from the MFSM methodology are explained below.
For December 2001 through November 2010, some amounts of accounts receivable and payable at commercial banks are included in Other Items (Net) rather than in claims on and liabilities to the corresponding sectors. Beginning in December 2010, data are based on an improved sectoring of counterpart and classification of assets.
In absence of allocation by currency in the reporting formats, all transactions conducted by savings and credit cooperatives, and microfinance institutions are allocated to foreign currency as this applies to almost all transactions.
Depository Corporations:
See notes on central bank and other depository corporations.
Monetary Aggregates:
Broad Money:
Broad Money calculated from the liability data in the sections for the central bank and other depository corporations accords with the concepts and definitions of the MFSM and is consistent with M2 described below.
Money (National Definitions):
Base Money comprises currency in circulation, deposits of other depository corporations with the BCC, and transferable deposits of nonfinancial corporations, households, and local governments with the BCC.
M1 comprises currency held by the public and transferable de posits of nonfinancial corporations, households, other financial corporations, and local governments with depository corporations in national currency. No correction is made for the amount of foreign banknotes co-circulating in the country.
M2 comprises M1 and time, savings, and foreign currency deposits of nonfinancial corporations, households, other financial corporations, and local governments with depository corporations.
Interest Rates:
Central Bank Policy Rate (End of Period):
Rate charged by the BCC when providing liquidity over-the-counter through short-term loans (one week maximum) at a pre-specified interest rate to commercial banks against eligible assets. This rate is determined by the BCC as the annualized inflation rate plus ten percent at minimum. This rate reflects the stance of the monetary policy of the BCC and, thus, should be considered as the leading rate.
Discount Rate (End of Period):
Rediscount rate charged by the BCC on loans to commercial banks. † Beginning in January 2006, rate charged by the BCC when providing liquidity over-the-counter through very short-term loans (24 hours maximum) to commercial banks against eligible assets. This rate is determined by the BCC as the leading rate (see above) plus a few percentage points.
Money Market Rate (Minimum):
Minimum rate observed during the period on transactions between commercial banks.
Money Market Rate (Maximum):
Maximum rate observed during the period on transactions between commercial banks.
Deposit Rate (End of Period):
Simple average of rates offered by commercial banks on time deposits of all maturities in national currency.
Deposit Rate (Foreign Currency) (End of Period):
Simple average of rates offered by commercial banks on time deposits of all maturities in foreign currency.
Lending Rate (End of Period):
Simple average of rates charged by commercial banks on loans of all maturities in national currency.
Lending Rate (Foreign Currency) (End of Period):
Simple average of rates charged by commercial banks on loans of all maturities in foreign currency.
Prices:
All data are from Institut National des Statistiques.
Consumer Prices:
Weights reference period: August 1995; Geographical coverage:
Kinshasa; Number of items in basket: 214; Basis for calculation:
1995 household budget survey.
International Transactions:
Trade data are on a payments basis. As of January 1984, all trade data are reported in SDRs and converted into U.S. dollars by IFS using the average exchange rate.
National Accounts:
Source: Institut National des Statistiques. Data are prepared in accordance with the SNA93.
Congo, Republic of 634 Date of Fund Membership:
July 10, 1963
Standard Source:
Banque des Etats d’Afrique Centrale (BEAC) (Bank of the Central African States)
Centre National de la Statistique et des Études Économiques (National Center for Statistics and Economic Studies)
Exchange Rates:
Official Rate: (End of Period and Period Average):
Prior to January 1999, the official rate was pegged to the French franc. On January 12, 1994, the CFA franc was devalued to CFAF 100 per French franc from CFAF 50 at which it had been fixed since 1948.
From January 1, 1999, the CFAF is pegged to the euro at a rate of CFA franc 655.957 per euro.
International Liquidity:
Gold (National Valuation) (line 1and) is obtained by converting the value in national currency, as reported in the country’s standard sources, using the prevailing exchange rate, as given in line ae. Prior to January 1999, the national currency/dollar conversion rates utilized for balance sheet purposes are used. These conversion rates differ from the prevailing exchange rates reported in IFS. This line follows the national valuation procedure which corresponds to that of the Bank of France (cf the international liquidity note on the IFS page for France).
Central Bank:
Consists of the national office of the Banque des Etats de l’Afrique Centrale (BEAC), consolidating the accounts of all its branches located in Brazzaville, Pointe-Noire, and Ouesso.
Data are based on a standardized report form for central banks, which accords with the concepts and definitions of the IMF’s Monetary and Financial Statistics Manual (MFSM), 2000. Departures from the MFSM methodology are explained below.
Held-to-maturity securities are valued at amortized cost rather than at current market price or fair value.
Other Depository Corporations:
Comprises commercial banks. Data exclude credit unions and microfinance institutions which accept deposits.
Data are based on a standardized report form for other depository corporations, which accords with the concepts and definitions of the Monetary and Financial Statistics Manual (MFSM). For other depository corporations in Congo, departures from the MFSM methodology are explained below.
Financial assets and liabilities for which currency breakdown is unavailable are allocated to assets and liabilities denominated in national currency.
Held-to-maturity securities are valued at acquisition cost rather than at current market price or fair value.
Depository Corporations:
See notes on central bank and other depository corporations.
Monetary Aggregates:
Broad Money:
Broad Money calculated from the liability data in the sections for the central bank and other depository corporations accords with the concepts and definitions of the MFSM. Broad money differs from M2 described below as M2 excludes holdings of currency by the central government.
Money (National Definitions):
M1 comprises currency in circulation and transferable deposits.
Transferable deposits refer to current account deposits of other financial corporations, public nonfinancial corporations, and private sector with depository corporations in national currency.
M2 comprises M1 and quasi-money. Quasi-money refers to fixed and saving deposits of other financial corporations, public nonfinancial corporations, and private sector with depository corporations in national currency.
Interest Rates:
Discount Rate (End of Period):
Basic rediscount rate offered by the BEAC. † Beginning in July 1994, rate charged by the BEAC on refinancing operations to financial institutions.
Deposit Rate:
Minimum rate offered by other depository corporations on savings accounts.
Lending Rate:
Maximum rate charged by financial institutions on loans.
Prices and Production:
All data on prices are from Centre National de la Statistique et des Études Économiques (National Center for Statistics and Economic Studies).
Consumer Prices:
Weights reference period: 1997 for Brazzaville, 1989 for Pointe -Noire. Geographical coverage: Brazzaville and Pointe --Noire. Number of items in basket: 232 per city. Basis for Calculation:
budget/consumption survey in 1997 for Brazzaville, and in 1989 for Pointe-Noire using Laspeyres type index.
Crude Petroleum Production:
Data refer to the volume of production in thousand metric tons.
International Transactions:
All trade data are from Banque des Etats d’Afrique Centrale (BEAC) (Bank of the Central African States)
Value of Exports and Imports:
Bunkers and ship’s stores are included. Data exclude imports from other countries of the Union douanière et économique de l’Afrique centrale (UDEAC) (Central African Customs Union). Imports are adjusted to include diamond imports as derived from diamond exports minus 10 percent for diamond handling. Imports, f.o.b. are calculated from Imports, c.i.f. by applying a freight and insurance factor estimated for IFS.
National Accounts:
Source: National Center for Statistics and Economic Studies. Data are prepared in accordance with the framework of SNA 1968.
Costa Rica 238
Date of Fund Membership:
January 8, 1946