CUADRO III.

5
ENCAJE BANCARIO REQUERIDO Y EFECTIVO POR MONEDAS 1/
Saldos en millones de córdobas y dólares americanos
MN ME
Encaje Encaje
Encaje requerido Encaje efectivo excedente/faltante Encaje requerido Encaje efectivo excedente/faltante
Obligaciones Obligacione
sujetas a s sujetas a
encaje Absoluto Tasa Absoluto Tasa Absoluto Tasa encaje Absoluto Tasa Absoluto Tasa Absoluto Tasa
Año/Mes (1) (2) (3)=2/1 (4) (5)= 4/1 (6)= 4-2 (7)=5-3 (8) (9) (10)=9/8 (11) (12)=11/8 (13)=(11-9) (14)=12-10
2001 Dic 6,201.9 1,137.4 18.34 1,421.7 22.92 284.3 4.58 1,085.5 197.9 18.24 223.0 20.54 25.03 2.31
2002 Dic 6,768.8 1,303.0 19.25 1,533.5 22.66 230.5 3.41 1,169.4 225.1 19.25 246.3 21.06 21.20 1.81
2003 Dic 8,336.9 1,354.8 16.25 1,736.6 20.83 381.8 4.58 1,205.2 195.8 16.25 225.8 18.74 30.00 2.49
2004 Dic 10,110.7 1,643.0 16.25 1,928.9 19.08 285.9 2.83 1,329.2 216.0 16.25 240.0 18.06 24.00 1.81
2005 Dic 11,688.4 1,899.4 16.25 2,097.6 17.95 198.2 1.70 1,410.9 229.3 16.25 254.8 18.06 25.50 1.81
2006 Dic 13,899.5 2,675.7 19.25 3,097.7 22.29 422.0 3.04 1,406.9 270.8 19.25 324.4 23.06 53.60 3.81
2007 Dic 15,709.9 2,552.9 16.25 3,237.0 20.60 684.1 4.35 1,567.4 254.7 16.25 281.7 17.97 27.00 1.72
2008 Dic 15,791.1 2,566.1 16.25 3,515.7 22.26 949.6 6.01 1,667.3 270.9 16.25 320.3 19.21 49.32 2.96
2009 Dic 15,895.2 2,583.0 16.25 4,806.4 30.24 2,223.4 13.99 1,920.8 312.1 16.25 447.2 23.28 135.11 7.03
2010 Dic 19,139.8 3,110.2 16.25 4,618.4 24.13 1,508.2 7.88 2,353.7 382.5 16.25 550.7 23.40 168.22 7.15
2011 Dic 23,617.9 2,834.1 12.00 6,859.5 29.04 4,025.4 17.04 2,540.9 304.9 12.00 514.5 20.25 209.58 8.25
2012 Dic 23,301.6 2,796.2 12.00 5,941.7 25.50 3,145.5 13.50 2,678.8 321.5 12.00 428.6 16.00 107.10 4.00
2013 Dic 26,320.7 3,158.5 12.00 6,056.4 23.01 2,897.9 11.01 2,869.0 344.3 12.00 497.2 17.33 152.96 5.33
2014 Dic 29,685.9 3,562.3 12.00 6,626.5 22.32 3,064.1 10.32 3,294.3 395.3 12.00 640.3 19.44 244.93 7.44
2015 Dic 34,604.2 4,152.5 12.00 10,885.1 31.46 6,732.6 19.46 3,559.7 427.2 12.00 660.2 18.55 233.07 6.55
2016 Dic 35,996.7 4,319.6 12.00 8,341.3 23.17 4,021.7 11.17 3,769.6 452.3 12.00 730.1 19.37 277.73 7.37
2017 Dic 40,037.9 4,804.5 12.00 9,701.7 24.23 4,897.1 12.23 3,977.3 477.3 12.00 721.1 18.13 243.84 6.13
Ene 39,608.9 4,753.1 12.00 8,256.7 20.85 3,503.6 8.85 4,027.4 483.3 12.00 704.5 17.49 221.16 5.49
Feb 41,499.2 4,979.9 12.00 9,259.9 22.31 4,280.0 10.31 4,055.9 486.7 12.00 715.1 17.63 228.39 5.63
Mar 45,026.8 5,403.2 12.00 8,652.9 19.22 3,249.7 7.22 4,123.2 494.8 12.00 751.7 18.23 256.95 6.23
Abr 44,259.7 5,311.2 12.00 9,062.0 20.47 3,750.9 8.47 4,117.6 494.1 12.00 760.0 18.46 265.88 6.46
May 42,621.1 5,114.5 12.00 9,145.2 21.46 4,030.6 9.46 3,927.5 471.3 12.00 775.4 19.74 304.09 7.74
Jun 39,415.9 3,941.6 10.00 9,058.9 22.98 5,117.3 12.98 3,556.7 355.7 10.00 702.6 19.75 346.92 9.75
2018
Jul 38,765.0 3,876.5 10.00 10,115.0 26.09 6,238.5 16.09 3,435.8 343.6 10.00 663.6 19.31 320.04 9.31
Ago 37,976.9 3,797.7 10.00 10,213.3 26.89 6,415.7 16.89 3,388.1 338.8 10.00 691.6 20.41 352.81 10.41
Sep 36,006.3 3,600.6 10.00 8,277.3 22.99 4,676.7 12.99 3,200.5 320.1 10.00 635.1 19.84 315.05 9.84
Oct 34,578.6 3,457.9 10.00 7,690.0 22.24 4,232.1 12.24 3,094.7 309.5 10.00 615.8 19.90 306.34 9.90
Nov 36,422.2 3,642.2 10.00 8,692.4 23.87 5,050.1 13.87 3,056.0 305.6 10.00 612.4 20.04 306.82 10.04
Dec 33,412.9 3,341.3 10.00 7,733.0 23.14 4,391.7 13.14 2,986.3 298.6 10.00 628.3 21.04 329.70 11.04
Ene 32,844.7 3,284.5 10.00 6,973.8 21.23 3,689.3 11.23 2,913.0 291.3 10.00 591.3 20.30 300.04 10.30
Feb 32,997.5 3,299.7 10.00 7,761.4 23.52 4,461.7 13.52 2,870.0 287.0 10.00 607.5 21.17 320.51 11.17
Mar 33,687.0 3,368.7 10.00 7,514.0 22.31 4,145.3 12.31 2,794.9 279.5 10.00 580.2 20.76 300.68 10.76
Abr 33,197.8 3,319.8 10.00 10,120.8 30.49 6,801.0 20.49 2,761.3 276.1 10.00 600.3 21.74 324.20 11.74
May 33,542.5 3,354.3 10.00 10,398.7 31.00 7,044.4 21.00 2,723.2 272.3 10.00 600.8 22.06 328.49 12.06
Jun 32,979.1 3,297.9 10.00 9,468.8 28.71 6,170.9 18.71 2,683.4 268.3 10.00 601.9 22.43 333.55 12.43
2019
Jul 32,676.8 3,267.7 10.00 9,352.0 28.62 6,084.4 18.62 2,680.8 268.1 10.00 505.9 18.87 237.78 8.87
Ago 33,619.8 3,362.0 10.00 7,847.4 23.34 4,485.4 13.34 2,688.3 268.8 10.00 513.3 19.09 244.43 9.09
Sep 33,347.3 3,334.7 10.00 7,197.7 21.58 3,862.9 11.58 2,609.2 260.9 10.00 518.3 19.86 257.38 9.86
Oct 33,469.3 3,346.9 10.00 7,360.1 21.99 4,013.2 11.99 2,593.1 259.3 10.00 539.1 20.79 279.76 10.79
Nov 35,544.7 3,554.5 10.00 7,766.6 21.85 4,212.2 11.85 2,632.3 263.2 10.00 471.6 17.92 208.37 7.92
Dic 36,652.6 3,665.3 10.00 7,803.9 21.29 4,138.6 11.29 2,666.8 266.7 10.00 473.7 17.76 207.03 7.76
Ene 36,255.0 3,625.5 10.00 8,064.2 22.24 4,438.7 12.24 2,684.9 268.5 10.00 434.1 16.17 165.58 6.17
Feb 38,198.8 3,819.9 10.00 7,363.7 19.28 3,543.9 9.28 2,710.8 271.1 10.00 454.2 16.76 183.13 6.76
Mar 37,588.9 3,758.9 10.00 5,678.3 15.11 1,919.4 5.11 2,727.4 272.7 10.00 461.9 16.93 189.12 6.93
Abr 36,538.6 3,653.9 10.00 6,411.4 17.55 2,757.6 7.55 2,739.6 274.0 10.00 496.6 18.13 222.60 8.13
May 36,913.3 3,691.3 10.00 6,715.0 18.19 3,023.7 8.19 2,737.8 273.8 10.00 503.9 18.40 230.07 8.40
Jun 37,782.7 3,778.3 10.00 7,389.6 19.56 3,611.3 9.56 2,747.4 274.7 10.00 512.5 18.65 237.74 8.65
2020
Jul 38,351.8 3,589.1 9.36 7,664.6 19.98 4,075.5 10.63 2,793.3 279.3 10.00 494.3 17.70 214.99 7.70
Ago 38,452.9 3,603.3 9.37 7,184.2 18.68 3,581.0 9.31 2,859.0 285.9 10.00 544.9 19.06 259.02 9.06
Sep 39,185.7 3,673.0 9.37 7,213.7 18.41 3,540.7 9.04 2,940.3 294.0 10.00 537.8 18.29 243.72 8.29

Oct 39,306.8 3,684.2 9.37 7,398.5 18.82 3,714.3 9.45 2,968.6 296.9 10.00 523.9 17.65 227.02 7.65

Nov 42,417.7 3,987.4 9.40 7,241.1 17.07 3,253.7 7.67 2,980.7 298.1 10.00 519.8 17.44 221.70 7.44

Dic 42,022.8 3,926.1 9.34 10,164.2 24.19 6,238.1 14.84 3,065.6 306.6 10.00 588.4 19.19 281.87 9.19

Ene 42,001.3 3,934.4 9.37 7,715.6 18.37 3,781.2 9.00 3,120.7 312.1 10.00 610.3 19.56 298.27 9.56

Feb 42,437.8 3,976.6 9.37 6,502.6 15.32 2,526.1 5.95 3,120.8 312.1 10.00 539.0 17.27 226.92 7.27

Mar 43,908.9 4,108.4 9.36 7,408.3 16.87 3,299.9 7.52 3,150.0 315.0 10.00 545.3 17.31 230.30 7.31

Abr 44,246.8 4,424.7 10.00 7,404.5 16.73 2,979.8 6.73 3,203.3 320.3 10.00 545.6 17.03 225.28 7.03

May 44,889.4 4,488.9 10.00 7,444.0 16.58 2,955.1 6.58 3,204.6 320.5 10.00 564.3 17.61 243.79 7.61

Jun 45,170.7 4,517.1 10.00 6,712.4 14.86 2,195.3 4.86 3,239.9 324.0 10.00 535.5 16.53 211.56 6.53
2021
Jul 45,086.8 4,508.7 10.00 7,800.4 17.30 3,291.7 7.30 3,229.9 323.0 10.00 552.7 17.11 229.73 7.11

Ago 45,416.6 4,541.7 10.00 8,111.4 17.86 3,569.8 7.86 3,261.8 326.2 10.00 553.8 16.98 227.63 6.98

Sep 45,916.3 4,591.6 10.00 7,875.9 17.15 3,284.3 7.15 3,245.4 324.5 10.00 552.0 17.01 227.48 7.01

Oct 46,649.1 4,664.9 10.00 7,907.7 16.95 3,242.8 6.95 3,269.6 327.0 10.00 551.2 16.86 224.19 6.86

Nov 51,112.0 5,111.2 10.00 9,481.6 18.55 4,370.4 8.55 3,261.0 326.1 10.00 568.6 17.44 242.49 7.44

Dic 49,943.9 4,994.4 10.00 11,039.4 22.10 6,045.0 12.10 3,313.4 331.3 10.00 695.9 21.00 364.58 11.00

Ene 49,527.4 4,952.7 10.00 9,649.8 19.48 4,697.1 9.48 3,360.9 336.1 10.00 592.8 17.64 256.75 7.64

Feb 51,768.0 5,176.8 10.00 8,661.2 16.73 3,484.4 6.73 3,448.1 344.8 10.00 594.1 17.23 249.27 7.23

Mar 50,030.0 5,003.0 10.00 9,357.3 18.70 4,354.3 8.70 3,463.5 346.3 10.00 570.8 16.48 224.49 6.48

Abr 53,130.4 5,313.0 10.00 9,108.3 17.14 3,795.2 7.14 3,465.9 346.6 10.00 598.6 17.27 252.05 7.27

May 51,431.4 5,143.1 10.00 8,334.2 16.20 3,191.1 6.20 3,488.0 348.8 10.00 560.1 16.06 211.25 6.06

Jun 51,204.5 5,120.5 10.00 8,562.6 16.72 3,442.1 6.72 3,544.9 354.5 10.00 585.0 16.50 230.53 6.50
2022
Jul 52,019.5 5,202.0 10.00 9,017.3 17.33 3,815.4 7.33 3,566.6 356.7 10.00 571.5 16.02 214.83 6.02

Ago 53,223.1 5,322.3 10.00 8,547.5 16.06 3,225.2 6.06 3,613.7 361.4 10.00 588.2 16.28 226.79 6.28

Sep 54,618.6 5,461.9 10.00 10,475.2 19.18 5,013.4 9.18 3,601.5 360.2 10.00 642.6 17.84 282.46 7.84

Oct 54,295.9 5,429.6 10.00 8,347.0 15.37 2,917.4 5.37 3,627.8 362.8 10.00 564.0 15.55 201.25 5.55

Nov 55,747.0 5,574.7 10.00 8,580.4 15.39 3,005.7 5.39 3,682.6 368.3 10.00 599.3 16.27 231.01 6.27

Dic 54,846.6 5,484.7 10.00 13,917.1 25.37 8,432.4 15.37 8,227.0 370.4 4.50 589.7 7.17 219.30 2.67

Ene 55,374.0 5,537.4 10.00 9,750.6 17.61 4,213.2 7.61 4,213.2 377.8 8.97 602.4 14.30 224.61 5.33

Feb 59,255.5 5,925.6 10.00 9,145.6 15.43 3,220.0 5.43 3,220.0 384.1 11.93 604.6 18.78 220.57 6.85
2023
Mar 59,179.3 5,917.9 10.00 9,910.8 16.75 3,992.9 6.75 3,992.9 381.5 9.55 614.5 15.39 233.00 5.84

1/ Analiza el cumplimiento de los requerimientos de encaje bancario mediante la comparación entre el encaje legalmente requerido y el efectivamente mantenido por las
entidades financieras sujetas a encaje.
Notas:
a. Requerimiento del encaje legal diario 12% moneda nacional y moneda extranjera, a partir del 04 de abril 2011.
Requerimiento del encaje legal diario 10% moneda nacional y moneda extrajera, a partir del 18 de junio 2018.
El promedio de la tasa requerida varia debido al programa de liberación de encaje en moneda nacional para el financiamiento de la actividad economica
aprobado por resolución CD-BCN-XXIX-2-20 de junio 2020.
b. El cuadro representa la tasa de encaje en moneda nacional y extranjera calculado en base al requerimiento diario.
c. Para obtener información sobre la medición de encaje catorcenal calculado en base al requerimiento del 15%, favor ingresar al siguiente link:
http://www.bcn.gob.ni/estadisticas/monetario_financiero/monetario/monetario_mensual/index.php
Cuadro IV-11. Otras sociedades de depósitos: encaje en el Banco Central de Nicaragua.