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Annual Report 2010 03 August 2011 - Banka Qendrore e ...

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<strong>Annual</strong> <strong>Report</strong> <strong>2010</strong><br />

CBK<br />

5. Services provided to the Authorities, to the Financial Community and to the<br />

Public<br />

The Central Bank of the Republic of Kosovo (CBK) provides the basic services which are to<br />

be offered by a central bank to the state institutions, financial institutions and wide public.<br />

In general these services have to do with cash flow, account transactions, managing the<br />

financial means, interbank payment system, credit registration as well as economic<br />

statistics and analysis.<br />

5.1. Operations and Cash Management<br />

As of its establishment, CBK was vested the authority to provide proper supply of<br />

banknotes and coins to the domestic economy, for execution of cash transactions. Since<br />

Euro is a currency that is being used in Kosovo, the CBK responsibilities with respect to<br />

operations and cash management are related to Euro in first place.<br />

Figure 48. Cash supply (amount), in millions<br />

of euro<br />

Figure 49. Cash admission (amount), in<br />

millions of euro<br />

250<br />

200<br />

150<br />

206<br />

146<br />

162<br />

139<br />

190<br />

225<br />

700<br />

600<br />

500<br />

400<br />

449 441<br />

533 524<br />

601<br />

649<br />

100<br />

300<br />

200<br />

50<br />

100<br />

-<br />

2005 2006 2007 2008 2009 <strong>2010</strong><br />

-<br />

2005 2006 2007 2008 2009 <strong>2010</strong><br />

Source: CBK (<strong>2011</strong>)<br />

Source: CBK (<strong>2011</strong>)<br />

Regarding general amount, cash supply during <strong>2010</strong>, had an increase 18.4 percent<br />

compared to 2009, whereas the structure of the cash supply in accordance to<br />

denominations, that is determined by the requirements of banking sector in first place, did<br />

not have any evident change from year 2009 to year <strong>2010</strong>. As to the euro banknotes, low<br />

denominations (5, 10, 20 and 50 euro) kept dominating, while higher denomination volumes<br />

of 200 and 500 euro remain evidently lower. As to the euro coins, supply is mainly<br />

dominated by the coins with medium value from 5 eurocent to 50 eurocent, while lower<br />

denominations than the two previous ones recorded a considerable growth compared to<br />

2009.<br />

Figure 50. Supply with euro banknotes by<br />

denominations (number of pieces)<br />

Figure 51. Supply with euro coins by<br />

denominations (number of pieces)<br />

30,000<br />

18,000<br />

1,000<br />

2,000<br />

299,000<br />

319,000<br />

1,663,000<br />

2,273,000<br />

1,901,000<br />

2,207,000<br />

1,822,000<br />

2,086,000<br />

1,059,000<br />

1,140,000<br />

67,000<br />

117,000<br />

109,000<br />

178,000<br />

164,000<br />

227,000<br />

284,000<br />

314,000<br />

292,000<br />

365,000<br />

3,000<br />

178,000<br />

2,000<br />

68,000<br />

0<br />

69,000<br />

500 euro 200 euro 100 euro 50 euro 20 euro 10 euro 5 euro<br />

2009 <strong>2010</strong><br />

Source: CBK (<strong>2011</strong>)<br />

2 euro 1 euro 50 cent 20 cent 10 cent 5 cent 2 cent 1 cent<br />

2009 <strong>2010</strong><br />

Source: CBK (<strong>2011</strong>)<br />

72 |

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