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  1. $Title{Table 12.: GOLD AND FOREIGN EXCHANGE RESERVES (In millions of US dollars at end of each period)}
  2.  
  3.                                         1981     1982     1983     1984     1985     1986     1987     1988     1989
  4.  
  5.                                        _____    _____    _____    _____    _____    _____    _____    _____    _____
  6. Central Bank
  7.  Gold                                    2.0      1.9      1.8      1.7      1.9      2.1      2.4      2.3      2.2
  8. SDRs                                     4.0      2.2       -       0.4      0.4      0.2      2.7      1.3       -
  9. IMF reserve position                    10.5       -       4.2      4.0      4.4      4.9      5.7      5.4      5.3
  10. Convertible currencies                 215.1    143.0    144.9    123.3    201.7    304.7    302.9    284.2    332.0
  11.  
  12.                                        _____    _____    _____    _____    _____    _____    _____    _____    _____
  13. Gross reserves of the Central Bank     231.6    147.1    150.9    129.4    208.4    311.9    313.7    293.2    339.5
  14.  
  15. Convertible foreign assets
  16.  of commercial banks                    20.8     22.4     23.6     36.8     24.2     37.3     53.7     58.6     56.5
  17.  
  18.                                        _____    _____    _____    _____    _____    _____    _____    _____    _____
  19. Gross foreign exchange reserves        252.4    169.5    174.5    166.2    242.6    349.2    367.4    351.8    396.0
  20.  
  21.                                        _____    _____    _____    _____    _____    _____    _____    _____    _____
  22.  
  23. Source: Central Bank of Iceland
  24.