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Bulgaria's M3 money supply up 8.6% y/y in May

Jun 25, 2024, 2:28:36 PMArticle by Mihaela Miteva
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June 25 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, went up 8.6% year-on-year in May to some 157.9 billion levs ($86.6 billion/80.7 billion euro) after rising by an annual 8.3% in April, the central bank said on Tuesday.

Bulgaria's M3 money supply up 8.6% y/y in May
Image source: BNB

The M1 monetary aggregate, the narrowest measure of money supply and the M3's most liquid component, added 8.5% on the year last month, reaching 128.1 billion levs, the Bulgarian National Bank (BNB) said in a monthly monetary statistics report.

At nearly 84.5 billion levs, the volume of net foreign assets at the end of May was 1.4% higher in annual terms and 0.4 percentage points lower than the growth recorded in April.

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

End-May End-May (y/y pct change) End-April (y/y pct change)
M3 157,876 8.6 8.3
M1 128,105 8.5 8.3
M2-M1 29,771 8.9 7.9
Net foreign assets 84,492 1.4 1.8
Net domestic assets 105,441 19.5 19.0

Source: BNB

(1 euro = 1.95583 levs)

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