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Bulgaria's M3 money supply rises 10.8% y/y in April

Bulgaria's M3 money supply rises 10.8% y/y in April Photo:

Bulgaria's M3, the broadest gauge of money supply, increased 10.8% on the year in April, to 129.8 billion levs ($70.7 billion/66.4 billion euro), the central bank said on Wednesday.

The narrowest measure of money supply and the M3's most liquid component, the M1 monetary aggregate, rose 18.9% year-on-year to 103.4 billion levs last month, following 18.6% annual growth in March, the Bulgarian National Bank (BNB) said in a statement.

Net foreign assets increased by 7.1% in April compared to the same month of 2021, reaching 72.7 billion levs. Net domestic assets went up 12.8% to 81.2 billion levs at the end of last month.

Details follow (in millions of levs unless stated otherwise):

End-Apr End-Apr (y/y pct change) End-Mar (y/y pct change)
M3 129,829 10.8 10.7
M1 103,431 18.9 18.6
M2-M1 26,398 -12.6 -12.0
Net foreign assets 72,718 7.1 5.5
Net domestic assets 81,161 12.8 14.7

Source: BNB

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