Belarus’ broad money supply down 3% in May 2021 to Br49.788bn
<p> MINSK, Jun 14 – PrimePress. Belarus’ broad money supply reduced by 3% month on month in May 2021 to Br49.788 billion ($20.068bn) as of June 1, 2021, Belarus’ monetary authorities said in an online report. </p> <p> </p> <p> Deposits in foreign exchange decreased by 3.9% in May 2021 to Br27.223 billion ($10.973bn) as of June 1, 2021. The proportion of deposits in foreign exchange was at 54.68% as of June 1, 2021 against 56.7% as of May 1, 2021 and 55.86% as of Jan 1, 2021. </p> <p> </p> <p> Of the total money supply, cash in circulation (M0 aggregate) grew by 1.9% month on month in May 2021 to Br4.198 billion ($1.69bn) as of June 1, 2021. The proportion of cash in circulation made up 8.43% as of June 1, 2021, to compare with 8.25% as of May 1, 2021 and 8.12% as of Jan 1, 2021. </p> <p> </p> <p> M1 aggregate, which includes cash and current Belarusian ruble deposits with banks, decreased by 4.2% month on month in May 2021 to Br9.971 billion ($4.019bn) as of June 1, 2021. M1 aggregate accounted for 20.03% of broad money supply as of June 1, 2021 (19.16% as of May 1, 2021; 20.24% as of Jan 1, 2022). </p> <p> </p> <p> Ruble money supply (M2* aggregate), which includes M1 and fixed-period ruble securities outside bank circulation, increased by 5% month on month in May 2021 to Br21.079 billion ($8.5bn). Ruble money supply accounted for 42.34% of broad money supply as of June 1, 2021, to compare with 40.18% as of May 1, 2021 (40.98% as of Jan 1, 2021). </p> <p> </p> <p> According to the main monetary policy guidelines for 2021, the average broad money supply (December 2021 on December 2020) is expected to increase by 7-10%. At the same time, the average ruble money supply could grow by 11-14% and the ruble monetary base by 10-13%. </p> <p> </p> <p> As previously reported, in 2020, Belarus' broad money supply increased by 4.72%, cash in circulation - by 11.21% and the monetary aggregate M1 - by 0.08%. Ruble money supply (aggregate M2*) decreased by 3.29%. Belarus’ average broad money supply was projected to increase by 8-11% in 2020 (December 2020 vs. December 2019). End ($1/Br2.481) </p>
2021-06-15
Primepress
Belarus’ broad money supply down 3% in May 2021 to Br49.788bn
MINSK, Jun 14 – PrimePress. Belarus’ broad money supply reduced by 3% month on month in May 2021 to Br49.788 billion ($20.068bn) as of June 1, 2021, Belarus’ monetary authorities said in an online report.
Deposits in foreign exchange decreased by 3.9% in May 2021 to Br27.223 billion ($10.973bn) as of June 1, 2021. The proportion of deposits in foreign exchange was at 54.68% as of June 1, 2021 against 56.7% as of May 1, 2021 and 55.86% as of Jan 1, 2021.
Of the total money supply, cash in circulation (M0 aggregate) grew by 1.9% month on month in May 2021 to Br4.198 billion ($1.69bn) as of June 1, 2021. The proportion of cash in circulation made up 8.43% as of June 1, 2021, to compare with 8.25% as of May 1, 2021 and 8.12% as of Jan 1, 2021.
M1 aggregate, which includes cash and current Belarusian ruble deposits with banks, decreased by 4.2% month on month in May 2021 to Br9.971 billion ($4.019bn) as of June 1, 2021. M1 aggregate accounted for 20.03% of broad money supply as of June 1, 2021 (19.16% as of May 1, 2021; 20.24% as of Jan 1, 2022).
Ruble money supply (M2* aggregate), which includes M1 and fixed-period ruble securities outside bank circulation, increased by 5% month on month in May 2021 to Br21.079 billion ($8.5bn). Ruble money supply accounted for 42.34% of broad money supply as of June 1, 2021, to compare with 40.18% as of May 1, 2021 (40.98% as of Jan 1, 2021).
According to the main monetary policy guidelines for 2021, the average broad money supply (December 2021 on December 2020) is expected to increase by 7-10%. At the same time, the average ruble money supply could grow by 11-14% and the ruble monetary base by 10-13%.
As previously reported, in 2020, Belarus' broad money supply increased by 4.72%, cash in circulation - by 11.21% and the monetary aggregate M1 - by 0.08%. Ruble money supply (aggregate M2*) decreased by 3.29%. Belarus’ average broad money supply was projected to increase by 8-11% in 2020 (December 2020 vs. December 2019). End ($1/Br2.481)