You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Romania’s M3 money supply growth slows down in August - table

Romania’s M3 money supply growth slows down in August - table National Bank of Romania. Author: Doinita Dolapchieva. Licence: All Rights Reserved.

BUCHAREST (Romania), September 23 (SeeNews) - Romania’s M3, the broadest gauge of the country’s money supply, grew by a nominal 8.2% year-on-year to 577 billion lei ($113.9 billion/116.7 billion euro) in August, compared to a 9.6% rise in July, the central bank, BNR, said on Friday.

On a monthly comparison basis, Romania’s M3 money supply edged up 0.1% in August, BNR said in a monthly report published on its website.

In real terms, August M3 was 6.2% lower on the year and decreased by 0.4% on the month.

Romania’s M1 rose 6.3% on the year to 403.8 billion lei in August, compared to 9.9% in July.

Net foreign assets rose by an annual 0.3% in August, reaching 250.3 billion lei, while net domestic assets rose 15.1% on the year to 326.5 billion lei.

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

August, bln lei August y/y July y/y
M3 576.812,8 8.2 9.6
M2 576.812,8 8.2 9.6
M1 403.766,9 6.3 9.9
Net foreign assets 250.289,6 0.3 2.7
Net domestic assets 326.523,2 15.1 15.7

Source: BNR

(1 euro=4.9437 lei)