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Bulgaria's M3 money supply growth speeds up to 9.9% y/y in Dec - table

Bulgaria's M3 money supply growth speeds up to 9.9% y/y in Dec - table Author: Emil A. Georgiev

SOFIA (Bulgaria), January 24 (SeeNews) - Bulgaria's M3, the broadest gauge of money supply, increased 9.9% year-on-year to 102.5 billion levs ($57.8 billion/52.4 billion euro) at the end of December, up from an annual growth rate of 9.3% at the end of November, the central bank said on Friday. 

The narrowest measure of money supply, M1, rose 15.5% on the year to 61.9 billion levs at the end of December, compared to a 13.6% annual rise at the end of November, BNB said in a statement.

Net foreign assets increased 3.1% year-on-year at the end of December, reaching 57.8 billion levs. Net domestic assets added 14.1% to 66.1 billion levs.

Details follow (y/y pct change unless otherwise stated):

  end-Dec (mln levs)  end-Dec  end-Nov
M3 102,469 9.9 9.3
M1 61,867 15.5 13.6
M2-M1 40,602 2.3 3.6
Net foreign assets 57,801 3.1 5.0
Net domestic assets 65,165 14.1 13.5

source: BNB

(1 euro = 1.95583 levs)

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