Bulgaria’s M3 money supply increases by 10.8% YoY in April

The Bulgarian M3, the broadest indicator of money supply, rose 10.8% year on year in April, to 129.8 billion levs ($70.7 billion/66.4 billion euros), the central bank announced on Wednesday.

The narrowest measure of money supply and the most liquid component of M3, the monetary aggregate M1, rose 18.9% year-on-year to 103.4 trillion levs last month, following year-on-year growth by 18.6% in March, the Bulgarian National Bank (BNB) said in a statement.

Net foreign assets increased by 7.1% in April compared to the same month of 2021, reaching 72.7 billion levs. Net domestic assets increased by 12.8% to 81.2 billion levs at the end of last month.

Details follow (in millions of levs unless otherwise stated):

End of April End-Apr (year-over-year percentage change) End-March (year-over-year percentage change)
M3 129,829 10.8 10.7
M1 103,431 18.9 18.6
M2-M1 26,398 -12.6 -12.0
Net foreign assets 72,718 7.1 5.5
Net domestic assets 81 161 12.8 14.7

Source: NBB

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