Economics offers various definitions for money, though
it is now commonly defined as anything that generally
accepted attached to any good or services that functions
in trade as a medium of exchange, store of value, and unit
Money is central to a free-market system; if the value of
money is unstable, that instability makes business planning
more difficult and interferes with the smooth operation of
the market price system. Sound money is also important for
the efficient operation of the financial system and for
safeguarding economic and personal freedom.
This note provides an insight on the information that the
banking and monetary statistics are
based. Financial institutions supervised by the BCTL are
required to report to the BCTL on a timely basis. The
frequency varies according to the nature of the information.
Financial institutions are required to report monthly
balance sheet and income statements to the BCTL, while they
are required to provide quarterly information on liquidity
ratio, regulatory capital, assets classification/credit by
sector, past due, charge-off and recovery credit, and
consolidated deposit and loans.
The banking statistics are compiled from balance sheets
received by the BCTL and from financial institutions.
Detailed presentations are included for the sub sector of
the credit institutions, classified according to size
category and legal form. In addition, the profit and loss
account aggregates and off-balance-sheet data are also
The monetary statistics are very closely linked to the
banking statistics. They form an essential input for central
bank monetary policy. The statistics concern the monetary
aggregates which are calculated in accordance with
definitions adopted by the BCTL.
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