September 24 (SeeNews) - Romania's M3, the broadest gauge of the country's money supply, grew by a nominal 8.5% year-on-year to 396.3 billion lei ($92 billion/83 billion euro) in August, compared to a 8.6% increase in July, the central bank, BNR, said on Tuesday.
On a monthly comparison basis, Romania's M3 money supply rose 1.2% in August, BNR said in a statement.
In real terms, August M3 was 4.4% higher on the year and was 1.2% higher on the month.
Romania's M1 rose 12.8% on the year to 250.3 billion lei last month, compared to 12.6% in July.
Net foreign assets rose by 17.5% in August, reaching 189 billion lei, while net domestic assets jumped by 1.4% to 207 billion lei.
Details follow (in billions of lei, nominal change in percent):
| |
August, bln lei |
August y/y |
July y/y |
| M3 |
396.300,0 |
8.5 |
8.6 |
| M2 |
396.300,0 |
8.6 |
8.7 |
| M1 |
250.281,6 |
12.8 |
12.6 |
| Net foreign assets |
189.149,7 |
17.5 |
16.7 |
| Net domestic assets |
207.150,2 |
1.4 |
2.3 |
source: BNR
(1 euro=4.7485 lei)