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Bulgaria's M3 money supply up 10.3% y/y in May

Bulgaria's M3 money supply up 10.3% y/y in May Photo: Politika.bg

SOFIA (Bulgaria), June 23 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, increased by 10.3% year-on-year to roughly 130.4 billion levs ($70.1 billion/66.7 billion euro) in May, the central bank said on Thursday.

The M1 monetary aggregate, the narrowest measure of money supply and the M3's most liquid component, went up by an annual 17.8% to 103.4 billion levs last month, following 18.9% annual growth in April, the Bulgarian National Bank (BNB) said in a statement.

At 71.96 billion levs, net foreign assets in the review period were 2.8% higher compared to May 2021 and about 1% lower than in April 2022. Net domestic assets jumped 15.4% year-on-year to some 82.2 billion levs at the end of last month.

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

End-May End-May (y/y pct change) End-Apr (y/y pct change)
M3 130,391 10.3 10.8
M1 104,172 17.8 18.9
M2-M1 26,219 -11.8 -12.6
Net foreign assets 71,959 2.8 7.1
Net domestic assets 82,184 15.3 12.8

Source: BNB

(1 euro = 1.95583 levs)

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