empty
 
 

2010.09.2009:34:00UTC+00Latvia Aug. M3 Money Supply Grows

Latvia's M3 money supply increased in August from the previous year, a report by the central bank showed on Monday.

The M3 money supply, which indicates the amount of cash and non-cash currency in the economy, rose 10.6% year-on-year in August, faster than a 8% growth in the previous month.

The amount of cash in circulation increased by 1% in August, compared to a 2.3% growth in the previous month. There was an increase in the bank-attracted overnight deposits, as well as the term deposit in August, the bank said. The balance on domestic deposits grew 9.1%, while the rate of the annual decrease in lending was 7.4%.

On a monthly basis, the M3 money supply grew 1.3% in August, while the domestic loans rose 1%.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback