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Bulgaria's M3 money supply up 11.8% y/y in Sept

Oct 25, 2022, 12:44:15 PMArticle by Antonia Kokalova-Gray
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October 25 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, increased by 11.8% on the year in September to 137.36 billion levs ($69.3 billion/70.2 billion euro) following a revised 11.5% annual growth in August, the central bank said on Tuesday.

Bulgaria's M3 money supply up 11.8% y/y in Sept
Photo by Dennis Jarvis.

The M1 monetary aggregate, the narrowest measure of money supply and the M3's most liquid component, grew by a yearly 17.6% in September, reaching 111.5 billion levs, the Bulgarian National Bank (BNB) said in a monthly report.

At some 78.8 billion levs, the volume of net foreign assets at the end of September was 6.8% higher year-on-year.

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

End-Sept End-Sept (y/y pct change) End-Aug (y/y pct change)
M3 137,364 11.8 11.5*
M1 111,511 17.6 17.8
M2-M1 25,853 -7.7 -9.3*
Net foreign assets 78,800 6.8 2.0
Net domestic assets 82,566 13.7 18.2

*revised figures.

Source: BNB

(1 euro = 1.95583 levs)

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