January 31 (SeeNews) - Macedonia's M1 money supply, which includes cash in circulation and demand deposits, totaled 46.202 billion denars ($1.11 billion/749.5 million euro) at the end of December, up 14.67% from a month earlier, the central bank said on Thursday.
The M2 money supply rose by 5.3% month on-month to 166.254 billion denars at end 2007.
MACEDONIA MONEY SUPPLY (in millions of denars):
|
December'07 |
November'07 |
October'07 |
December'06 |
M1 |
46,202 |
40,290 |
39,178 |
35,436 |
-currency outside banks |
17,927 |
16,290 |
16,575 |
16,206 |
-demand deposits |
28,275 |
24,000 |
22,603 |
19,230 |
M2 (M1+quasi-deposits) |
166,254 |
157,420 |
153,954 |
130,069 |
-quasi-deposits |
120,052 |
117,130 |
114,776 |
94,633 |
M4 (M3+non-monetary deposits) |
176,682 |
167,115 |
163,440 |
135,720 |
- non-monetary deposits |
10,428 |
9,695 |
9,486 |
6,850 |
NOTE: The monetary aggregate M3 includes M2 and special-purpose deposits, such as letters of credits, guarantees, remittances abroad, etc. The National Bank of the Republic of Macedonia (NBRM) does not publish data about this type of deposits.
Monetary aggregates are defined according to the methodology for International Monetary Fund (IMF) Monetary and Financial Statistics, based on the System of National Accounts. The statistics were first published in 1993.
(1 euro = 61.6417 Macedonian denars)