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Bulgaria's M3 money supply up 11.6% in Aug

Bulgaria's M3 money supply up 11.6% in Aug Photo:

SOFIA (Bulgaria), 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)