In 2005, NAIB’S Time Deposits Placed increased to USD 76 597 thousand ;registering an increase of USD 21 383 thousand as compared to 2004 .However, Time Deposits Taken decreased to USD 75 076 thousand in 2005 ; a decrease of USD 8 953 thousand compared with the previous year.Therefore, and for the first time since 2003, Time Deposits Placed exceeded Time Deposits Taken by USD 1 521 thousand ; while they were USD 28 815thousand lower than Time Deposits Taken as at 31/12/2004. Evolution of Money Market activity was as follows :
In US Dollars thousands
Description /period
|
31/12/2003
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31/12/2004 |
31/12/2005
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Variation
|
Rate%
|
Time deposits placed | 52 309 |
55 214 |
76 597 | 21 383 |
38.73 |
Time deposits taken | 50 925 |
84 029 |
75 076 | -8 953 |
-10.65 |
Deposits difference | 1 384 |
-28 815 |
1 521 | 1 521 |
-105.28 |
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