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)
|
|
End-Oct'07 |
End-Sept'07 |
End-Oct'06 |
| M1 |
19,297 |
19,174 |
15,022 |
| -currency outside banks |
6,812 |
6,931 |
5,880 |
| -demand deposits |
12,485 |
12,242 |
9,141 |
| M2 |
38,756 |
38,221 |
30,130 |
| -deposits with maturity of up to two years |
16,126 |
15,713 |
12,496 |
| -deposits that can be used after three months notice |
3,332 |
3,335 |
2,611 |
| - quasi-money (M2-M1) |
19,459 |
19,048 |
15,108 |
| M3 |
38,768 |
38,233 |
30,166 |
| -Lev broad money |
5.541 |
5.536 |
36,916 |
| -Fx broad money |
6.496 |
6.502 |
- |
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)