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Nov 26, 2007 15:26 EEST
November 26 (SeeNews) - Bulgaria's M1 money supply, which includes cash in circulation and demand deposits, totalled 19.297 billion levs ($14.7 billion/9.9 billion euro) at the end of October, up 0.65% from a month earlier, central bank data indicated on Monday.
The M2 money supply rose by 1.4% to 38.756 billion levs, and the M3 broad money also increased by 1.4% to 38.768 billion levs.
BULGARIA MONEY SUPPLY (in millions of levs)
NOTE: The central bank started releasing money supply data on a monthly basis from January, when the country joined the European Union, instead of issuing figures weekly. Bulgaria is running an IMF-prescribed currency board system, a tight monetary arrangement that ties the level of cash in circulation to the amount of central bank reserves.
(1 euro = 1.95583 Bulgarian levs)
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