A quarterly consolidated statement of the accounts of the monetary authorities, banks, and other bank-like institutions excluding non-bank financial institutions.
Aggregates are compiled from the Banking Survey which covers the Four commercial banks in the Cook Islands: ANZ, Bank of the South Pacific (BSP), Bank of the Cook Islands (BCI) and Capital Security Bank (CSB). The Cook Islands does not have a Central Bank and uses the NZ Dollar as its currency.
Narrow Money (M1) consist of Notes and Coins in circulation and Demand Deposits. M2 consist of narrow money (M1) and quasi money (savings, demand and term deposits), Net foreign position of the banks, Net domestic credits.
Transactions are valued in accordance to international standards.
Banking Survey – provides a quarterly consolidated statement of the accounts of the monetary authorities, deposit money banks, and other bank-like institutions of the Cook Islands, excluding the accounts of non-bank financial institutions.
