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Romania's End-Oct M3 Money Supply Falls 2.1% M/M - Table

Nov 25, 2008, 1:26:28 PMArticle by Tsvetelina Gavrilova
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November 25 (SeeNews) - Romania's M3, the broadest gauge of the country's money supply, fell by a nominal 2.1% month-on-month to 162.52 billion lei ($55.27 billion/42.84 billion euro) at the end of October, the country's central bank, BNR, said on Tuesday.

Romania's End-Oct M3 Money Supply Falls 2.1% M/M - Table

End-October M3 was 26.1% higher than a year earlier, the BNR said in a statement.

In real terms, the October M3 money supply went down 3.2% month-on-month and was 17.4% higher on the year.

At the end of September, Romania's M3 money supply was up by a nominal 2.3% on the month and up by 31.1% year-on-year.

BNR began issuing M3 data in January last year, expanding on the previous M2 figures.

Details follow (in billions of lei, nominal change in percent):

Oct'08 M/M Y/Y
M3 money supply 162.52 -2.1 +26.1
M2 money supply 162.15 -2.3 +26.0
- Cash in circulation 24.46 +3.6 +32.7
Demand deposits 67.25 -2.5 +35.3
- Deposits up to 2 years (M2-M1) 70.44 -4.1 +16.3
Net external assets 14.67 +0.9 -49.5
Net internal assets 147.85 -2.4 +48.1
Leu deposits 91.54 -4.1 +19.9
- individuals 49.98 -0.7 +30.0
- companies 41.56 -8.0 +9.7
Hard currency deposits 49.11 -1.7 +36.3
- individuals 28.63 -7.0 +34.8
- companies 20.48 +6.6 +38.5
Private lending in lei 85.85 +0.6 +32.7
- individuals 41.38 +0.9 +29.0
- companies 44.47 +0.4 +36.4
Private lending in hard currency 107.21 -1.5 +56.2
- individuals 54.39 -1.2 +74.4
- companies 53.82 -1.9 +41.0

(1 euro=3.7939 Romanian lei)

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