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Moldova's End-November M1 Money Supply Rises 11.6% Y/Y

Dec 19, 2008, 2:28:00 PMArticle by Kristina Belkina
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December 19 (SeeNews) - Moldova's M1 money supply was 11.6% higher year-on-year at 10.9 billion lei ($1.04 billion/744 million euro) at the end of November, the country's central bank, BNM, said on Friday.

Moldova's End-November M1 Money Supply Rises 11.6% Y/Y

Moldova's M2 money supply totalled 21.15 billion lei at end-November, up 26% from a year earlier, BNM said in a statement.

The central bank has projected that Moldova's money supply growth will slow down this year compared to last year. Moldova's M1 money supply increased by 32% in 2007 while the M2 aggregate rose by 47%.

Details follow (in millions of lei):

End-November'08 End-October'08 end-November'07
M1 10,902.9 10,958.5 9,770.4
M2 21,145.7 21,363.7 16,781.1
M3 Broad money 30,601.7 31,073.1 25,639.1

(1 euro=14.6543 Moldovan lei)

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