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Macedonia's End-October M1 Money Supply Falls 1.9% M/M - Table

Nov 21, 2008, 12:23:48 PMArticle by Valentina Dimitrievska
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November 21 (SeeNews) - Macedonia's M1 money supply, which includes cash in circulation and demand deposits, totalled 47.107 billion denars ($958.5 million/762.2 million euro) at the end of October, 1.9% down from a month earlier, central bank data showed on Friday.

Macedonia's End-October M1 Money Supply Falls 1.9% M/M - Table

The M2 money supply fell 2.2% month-on-month to 178.178 billion denars at the end of October.

Macedonia money supply (in millions of denars):

Oct'08 Sept'08 Oct'07
M1 47,107 48,027 39,178
- currency outside banks 16,608 16,552 16,575
- demand deposits 30,499 31,475 22,603
M2 (M1+quasi-deposits) 178,178 182,148 153,954
- quasi-deposits 131,071 134,121 114,776
- non-monetary deposits 16,966 15,317 9,486
M4 (M3+non-monetary deposits) 195,144 197,465 163,440

NOTE: The monetary aggregate M3 includes M2 and special-purpose deposits, such as letters of credits, guarantees, remittances abroad, etc. The National Bank of the Republic of Macedonia (NBRM) does not publish data about this type of deposits.

Monetary aggregates are defined according to the methodology for International Monetary Fund (IMF) Monetary and Financial Statistics, based on the System of National Accounts. The statistics were first published in 1993.

(1 euro = 61.8048 Macedonian denars)

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