You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Romania's M3 money supply growth speeds up in Aug - table

Romania's M3 money supply growth speeds up in Aug - table 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 17.8% year-on-year to 533.3 billion lei ($126 billion/108 billion euro) in August, compared to a 17.7% increase in July, the central bank, BNR, said on Thursday.

On a monthly comparison basis, Romania's M3 money supply rose 1.5% in August, BNR said in a statement.

In real terms, August M3 was 11.9% higher on the year and edged up 1.3% on the month.

Romania's M1 rose 23.7% on the year to 379.7 billion lei last month, compared to a 24.1% growth in July.

Net foreign assets rose by an annual 12.4% in August, reaching 249.5 billion lei, while net domestic assets rose by 22.9% to 283.8 billion lei.

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

Aug, bln lei Aug y/y July y/y
M3 533.282,4 17.8 17.7
M2 533.282,4 17.8 17.7
M1 379.722,4 23.7 24.1
Net foreign assets 249.499.9 12.4 11.8
Net domestic assets 283.782,5 22.9 23.5

source: BNR

(1 euro=4.9490 lei)