Monetary base on the rise

The monetary base last yearend rose by 541.3 million lei or 1.2% on November to 46.851,0 billion lei. The rise against December 2018 was of 7.6%, IPN reports, quoting the National Bank of Moldova.

The balance of deposits in national currency rose by 1.405,0 million lei to 40.183,8 billion lei, representing 60% of the total deposits. The balance of deposits in foreign currencies recalculated in lei increased by 266.9 million lei to 26.813,7 million lei, constituting 40%.

The balance of statements over the economy last December grew by 128.2 million lei or 0.3% following the rise in statements regarding the economy in national currency by 304.1 million lei or 1.1%. The statements in foreign currency expressed in Moldovan lei decreased by 175.9 million lei or 1%. The statements in foreign currency expressed in dollars in the period grew by US$3.2 million or 0.3%.

The monetary base represents the money put by the National Bank of Moldova into circulation, the bank reserves in lei kept in the correspondent accounts of the Bank and the mandatory reserves in foreign currency, the overnight deposits of banks and sight deposits of other organizations at the central bank.

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