EESTI PANK ANNUAL REPORT 1993

CONTENTS

THE BOARD OF EESTI PANK
ORGANISATIONAL CHART OF EESTI PANK
EESTI PANK
ESTONIAN ECONOMY IN 1993
Economic growth
Inflation
Budget system
Investments
Foreign loans
Social sphere and living standard
Personal consumption
Distribution of income
FOREIGN EXCHANGE REGULATIONS
Developing and changing normative documents governing foreign exchange regulations in 1993
Opening of foreign currency accounts
Bank licence for independent foreign operations
Import and export of foreign cash
Transactions with non-convertible foreign cash
Foreign exchange regulations in practice
ESTONIAN MONETARY POLICY IN 1993The path chosen in 1992 has been followed
Principles of the Estonian monetary system
Results of the monetary system
DEVELOPMENT OF BANKING SYSTEM IN 1993
After-effects of the 1992 bank crisis
Development plan of Eesti Hoiupank (Estonian Savings Bank)
Renewal of bank licences and proclamation of stabilisation period
Increase of competition and new bank services
Project of short term money market
Short term certificates of deposit (CD) of Eesti Pank
Interbank overnight market
Changes in interbank foreign exchange operations
BANKING SUPERVISION
New reporting order
Prudential ratios
CASH
CLEARING
RELATIONS WITH INTERNATIONAL ORGANISATIONS
BALANCE SHEET AND PROFIT AND LOSS ACCOUNT OF EESTI PANK
Balance sheet of Eesti Pank as of 31 December 1993
Profit and loss account of Eesti Pank
Notes and explanations to the balance sheet of Eesti Pank
Comments on the profit and loss account of Eesti Pank
Report of the auditors to Riigikogu and to the Board of Eesti Pank
BALANCE OF PAYMENTS OF ESTONIA FOR 1993
CURRENT ACCOUNT
CAPITAL ACCOUNT
RESERVES
STATISTICAL APPENDIX