International reserves
Statistical treatment of the International monetary reserves by the entrance of Slovenia to the Euro area
With entry to the Economic and Monetary Union, Slovenia joined the countries who participate in common monetary policy of member countries and don't conduct their own monetary policy. Banka Slovenije has become one of the members of the European system of the central banks, whose share of the national international monetary reserves forms a part of the common international monetary reserves of the Economic and Monetary Union.
The statistical treatment of the international monetary reserves has changed with adoption of euro. Only the part of the foreign currency reserves, which is nominated in the non-euro currency and is invested in the non-EMU countries, is included into the international monetary reserves of Slovenia, in addition to the monetary gold, reserve tranches and SDR's. The same concept of the international monetary reserves is applied in all other EMU member countries.
On the assumption that the structure of foreign exchange reserves is not substantially changed , the introduction of euro causes a decrease of existing international monetary reserves by 85%. This actually means only the statistical redistribution of stocks from categories, which are defined as the international monetary reserves, to other adequate instruments (currency, deposits and/or securities). The decrease of the international monetary reserves was also witnessed at the introduction of euro in other member countries. The reserves of the primary EMU member states decreased on average by more than 30%, which means that they had at the time of the introduction of euro, 30% of reserves either nominated in currencies, which were succeeded by euro, or in the financial instruments of the issuers resident in the EMU area.
More on Statistical treatment of the Eurosystem's international reserves
Statistična obravnava mednarodnih denarnih rezerv ob vstopu Slovenije v Evro območje
Z vstopom v Ekonomsko in monetarno unijo se je Slovenija uvrstila med države, ki nimajo svoje lastne monetarne politike, temveč so udeležene v skupni monetarni politiki držav članic. Banka Slovenije je postala ena izmed članic Evropskega sistema centralnih bank, ki s svojim deležem nacionalnih mednarodnih denarnih rezerv prispeva k skupnim mednarodnim denarnim rezervam Ekonomske in monetarne unije.
V primerjavi s stanjem pred 1.1.2007 se je statistična obravnava mednarodnih denarnih rezerv v pogojih evra kot nacionalne valute spremenila. Slovenija po tem datumu med mednarodnimi denarnimi rezervami poleg monetarnega zlata, rezervne tranše ter SDR prikazuje le tisti del deviznih rezerv, ki je nominiran v ne-evro valuti in plasiran v ne-EMU države. Tak koncept mednarodnih denarnih rezerv imajo tudi vse ostale države članice EMU.
Ob predpostavki, da Banka Slovenije bistveno ne spremeni strukture deviznih rezerv, uvedba evra pomeni 85% zmanjšanje obsega mednarodnih denarnih rezerv Banke Slovenije v primerjavi s stanjem pred tem. To 85% zmanjšanje pomeni le prerazporeditev iz statistično definiranega instrumenta mednarodnih denarnih rezerv na ustrezne druge instrumente (gotovina in vloge ter vrednostni papirji).
Pri ostalih državah članicah je ob uvedbi evra prav tako opazen padec obsega mednarodnih denarnih rezerv. V povprečju so se starim državam članicam EMU rezerve zmanjšale za dobrih 30%, kar pomeni, da so imele na točki uvedbe evra 30% rezervnih imetij takih, ki so bila bodisi nominirana v valutah, ki jih je nasledil evro, bodisi v finančnih instrumentih izdajateljev rezidentov EMU območja.
Več na: Statistična obravnava mednarodnih rezerv evrosistema