Currency in circulation rises by 17% YoY in November

January 5, 2020 (MLN): The total money supply circulating within the economy during November 2019 recorded at Rs 21.8 trillion which was almost the same i.e. Rs 21.75 trillion reported in October 2019, shows provisional data on Monetary Aggregates for the month released by State Bank of Pakistan (SBP).

According to the SBP data, the money supply showed a yearly growth of 10%, as it stood at Rs 19.78 trillion in November 2018.

Having broken down the overall money supply in broad categories, the Central Bank’s data reveals that a total of Rs 5.3 trillion were circulated as notes while Rs 9.39 trillion accounts 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 17%YoY while transferable deposits has shown a growth of 7% YoY.

Apart from this, other deposits constituted Rs.3 trillion in November, up by 12%, YoY. Other deposits represent all claims other than transferable deposits in national or foreign currency that are represented by evidence of deposits. Meanwhile, total coins in circulation posted a slight growth of 4%YoY from Rs.8.6 billion to Rs.8.9 billion.

Rs.264.9 billion worth of deposits were held with post offices while National Saving Schemes held Rs.3.79 trillion, up from Rs.3.46 trillion reported in November 2018.

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