Belarus’ broad money supply up 0.07% in Jan 2021 to Br50.835bn
<p> MINSK, Feb 12 – PrimePress. Belarus’ broad money supply expanded by 0.07% month on month in Jan 2021 to Br50.835 billion ($19.74bn) as of Feb 1, 2021, Belarus’ monetary authorities said in an online report. </p> <p> </p> <p> Deposits in foreign exchange increased by 1.08% in Jan 2021 to Br28.682 billion ($11.14bn) as of Feb 1, 2021. The proportion of deposits in foreign exchange was at 56.42% as of Feb 1, 2021 against 55.86% as of Jan 1, 2021. </p> <p> </p> <p> Of the total money supply, cash in circulation (M0 aggregate) decreased by 0.42% month on month in Jan 2021 to Br4.107 billion ($1.6bn) as of Feb 1, 2021. The proportion of cash in circulation made up 8.08% as of Feb 1, 2021 against 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 2.45% month on month in Jan 2021 to Br10.032 billion ($3.9bn) as of Feb 1, 2021. M1 aggregate accounted for 19.73% of broad money supply as of Feb 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, decreased by 1.32% month on month in Jan 2020 to Br20.541 billion ($8bn). Ruble money supply accounted for 40.41% of broad money supply as of Feb 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 </p> <p> </p>
2021-02-13
Primepress
Belarus’ broad money supply up 0.07% in Jan 2021 to Br50.835bn
MINSK, Feb 12 – PrimePress. Belarus’ broad money supply expanded by 0.07% month on month in Jan 2021 to Br50.835 billion ($19.74bn) as of Feb 1, 2021, Belarus’ monetary authorities said in an online report.
Deposits in foreign exchange increased by 1.08% in Jan 2021 to Br28.682 billion ($11.14bn) as of Feb 1, 2021. The proportion of deposits in foreign exchange was at 56.42% as of Feb 1, 2021 against 55.86% as of Jan 1, 2021.
Of the total money supply, cash in circulation (M0 aggregate) decreased by 0.42% month on month in Jan 2021 to Br4.107 billion ($1.6bn) as of Feb 1, 2021. The proportion of cash in circulation made up 8.08% as of Feb 1, 2021 against 8.12% as of Jan 1, 2021.
M1 aggregate, which includes cash and current Belarusian ruble deposits with banks, decreased by 2.45% month on month in Jan 2021 to Br10.032 billion ($3.9bn) as of Feb 1, 2021. M1 aggregate accounted for 19.73% of broad money supply as of Feb 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, decreased by 1.32% month on month in Jan 2020 to Br20.541 billion ($8bn). Ruble money supply accounted for 40.41% of broad money supply as of Feb 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