Money supply nears Rs47tr as of Feb 26

March 26, 2026 (MLN):  The total money supply circulating within the economy till February 2026 has been recorded at Rs46.67 trillion, according to provisional accounts on Monetary Aggregates for the month, maintained by the State Bank of Pakistan (SBP).

The money circulating within the economy until January 2026 was Rs46.19tr whereas, in the month of February of last year, the figure was Rs40.57tr.

This means that the money supply has risen by 1.04% MoM while, on a year-on-year basis, it has jumped by 15.03% YoY.

Having broken down the overall money supply into broad categories, the SBP data shows that Rs11.33tr were circulated as notes while Rs25.96tr accounted for transferable deposits which comprise all deposits that are exchangeable on demand at par without penalty/restriction.

The currency circulated as notes which have been high in Pakistan relative to other developed and emerging economies  rose by over 2.51% MoM while rose by 20.07% over the year.

This reflects higher cash withdrawals by depositors to meet needs amid high inflation.

Apart from this, other deposits constituted Rs5.8tr in February 2026, up by 0.91% MoM and up 4.82% YoY.

Other deposits represent all claims other than transferable deposits in national or foreign currency that are represented by evidence of deposits.

Meanwhile, coins in circulation stood at Rs9.33 billion in February 2026 compared to Rs9.31bn in the previous month and Rs9.2bn in February 2025.

Copyright Mettis Link News