September 23 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, increased by 11.6% year-on-year in August to 136.1 billion levs ($67.9 billion/69.6 billion euro) following an 11.1% annual growth in July, the central bank said on Friday.
The M1 monetary aggregate, the narrowest measure of money supply and the M3's most liquid component, added 17.8% on the year in the eighth month of 2022, reaching roughly 110.3 billion levs, the Bulgarian National Bank (BNB) said in a monthly report.
At some 75.3 billion levs, the amount of net foreign assets at the end of August was 2% higher compared to a year earlier, after adding 1.48% on the month.
Details follow (in millions of levs unless stated otherwise):
|
End-Aug |
End-Aug (y/y pct change) |
End-July (y/y pct change) |
M3 |
136,115 |
11.6 |
11.1 |
M1 |
110,260 |
17.8 |
17.8 |
M2-M1 |
25,855 |
-9.1 |
-10.0 |
Net foreign assets |
75,286 |
2.0 |
2.7 |
Net domestic assets |
84,944 |
18.2 |
16.4 |
Source: BNB
(1 euro = 1.95583 levs)