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HomeEconomyCentral Bank reports 10.3% annual expansion in money supply for Feb-19

Central Bank reports 10.3% annual expansion in money supply for Feb-19

April 10, 2019 (MLN): Provisional Statistics on Monetary Aggregates for February 2019 show that over Rs.20.2 trillion were circulated within economy, as of the end of this month.

According to the report compiled by the State Bank of Pakistan, the money supply rose by over Rs.179 billion this month, as compared to the last one when the supply was Rs.20.05 trillion.

Money supply until the corresponding period of last year was Rs.18.3 trillion, which marks an annual expansion of 10.3% in supply.

The overall money supply is broken down in broad categories. The central bank’s data shows that a total of Rs.4.7 trillion were circulated as notes while Rs.8.8 trillion accounted for transferable deposits which comprise all deposits that are exchangeable on demand at par without penalty/restriction.

The amount circulated as notes during the month has risen by over Rs.671 billion (or 16.7%) over the year.

Apart from this, other deposits constituted Rs.2.8 trillion in February, up by 9.2%, YoY. Other deposits represent all claims other than transferable deposits in national or foreign currency that are represented by evidence of deposits. In contrast, coins circulated reduced from Rs.8.8 billion to Rs.8.5 billion during the year.

Rs.252.9 billion worth of deposits were held with post offices while National Saving Schemes held Rs.3.66 trillion, up from Rs.3.3 trillion.

Copyright Mettis Link News

Posted on: 2019-04-10T17:34:00+05:00

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