SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Romania's M3 money supply growth speeds up in April

May 25, 2023, 2:19:42 PMArticle by Razvan Timpescu
share
May 25 (SeeNews) - Romania’s central bank said on Thursday that M3, the broadest gauge of money supply, grew by a nominal 8.6% year-on-year to 618.6 billion lei ($133.8 billion/124.8 billion euro) in April, following an 8.2% rise in March.

Romania's M3 money supply growth speeds up in April
National Bank of Romania. Author: Doinita Dolapchieva. Licence: All Rights Reserved.

On a monthly comparison basis, M3 money supply edged up 0.8% in April, the central bank, BNR, said in a monthly monetary statistics report.

In real terms, M3 was 2.4% lower on the year in April and inched up by 0.02% on the month.

Romania’s M1 monetary aggregate decreased by 6.5% on the year in April, to 381.9 billion lei, after a 6% drop in March.

Net foreign assets rose by an annual 16.1% in March, reaching 283.1 billion lei, while net domestic assets added 3% to 335.5 billion lei.

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

Apr, bln lei Apr y/y March y/y
M3 618.680,4 8.6 8.2
M2 618.680,4 8.6 8.2
M1 381.901,5 -6.5 -6.0
Net foreign assets 283.129,1 16.1 17.5
Net domestic assets 335.551,4 3.0 1.2

Source: BNR

(1 euro=4.95845 lei)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.