October 23 (SeeNews) – Bulgaria’s M3, the broadest gauge of money supply, rose by an annual 8.7% in September to 149.3 billion levs ($80.8 billion/76.3 billion euro), following a 9.6% yearly increase in August, the central bank said on Monday.
The M1 monetary aggregate, the narrowest measure of money supply and the M3’s most liquid component, grew by 8% year-on-year last month, reaching 120.4 billion levs, the Bulgarian National Bank (BNB) said in a monthly monetary statistics report.
At some 84.1 billion levs, the volume of net foreign assets at the end of September was 6.7% higher on the year and 7.5 percentage points lower than the annual growth posted in August.
Details follow (in millions of levs unless stated otherwise):
End-Sept | End-Sept (y/y pct change) | End-Aug (y/y pct change) | |
M3 | 149,343 | 8.7 | 9.6 |
M1 | 120,407 | 8.0 | 9.3 |
M2-M1 | 28,936 | 11.9 | 10.5 |
Net foreign assets | 84,062 | 6.7 | 14.2 |
Net domestic assets | 93,735 | 13.5 | 7.1 |
Source: BNB
(1 euro = 1.95583 levs)
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