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Romania's M3 money supply up nominal 10.8% y/y in Jan

Feb 27, 2024, 2:30:12 PMArticle by Razvan Timpescu
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February 27 (SeeNews) - Romania’s central bank said that M3, the broadest gauge of money supply, grew by a nominal 10.8% year-on-year to 668.96 billion lei ($146.2 billion/134.6 billion euro) in January, after increasing by an annual 10.7% in December last year.

Romania's M3 money supply up nominal 10.8% y/y in Jan
Monetary indicators January 2024 Source: BNR

On a monthly comparison basis, M3 money supply rose 0.2% in January, the central bank, BNR, said in a monthly monetary statistics report on Friday.

In real terms, M3 grew by 3.2% on the year and dropped by 0.9% on the month in January.

Romania’s M1 monetary aggregate increased by 3.5% on the year in January, to 403.5 billion lei, after a 2.8% increase in December.

Net foreign assets rose by an annual 20.8% in January, reaching 341.5 billion lei, while net domestic assets climbed by 2% year-on-year to 327.4 billion lei.

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

Jan, mln lei Jan y/y Dec y/y
M3 668,960.7 +10.8 +10.7
M2 668,960.7 +10.8 +10.7
M1 403,510.9 +3.5 +2.8
Net foreign assets 341,538.6 +20.8 +30.6
Net domestic assets 327,422.1 +2.0 -3.4

Source: BNR

(1 euro=4.96793 lei)

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