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Broad money up 2.5 pct in June

At the end of June 2008, broad money (M3) stood at RON 161.495 bln (some 44.86 bln euro), up 2.5 pct (2.2 in real terms) from May 2008 and by 38.9 pct (27.9 pct in real terms) higher compared to June 2007, as show the monetary indicators published on Wednesday by the National Bank of Romania (BNR).

Cash in circulation stands at RON 23.598 bln, up 3.3 pct, overnight deposits total RON 67.335 bln (plus 6.9 pct), whereas deposits with maturities of up to two years slid 1.7 pct to RON 70.529 bln. Net foreign assets decreased in June 21 pct to RON 16.16 bln. This evolution was the effect of the 33.9 pct decrease in the 'Forex' component and of the 4.6 pct rise in the 'Gold' component, due to the re-assessment of the gold stock. The central bank's forex outflows were mainly represented by payments of installments and due interest rates on account of the public foreign debt, and disbursements to the European Commission. Net domestic assets advanced 6 pct to RON 145.335 bln. Sursa: http://www.rompress.ro

Tags: bnr euro

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