Money Supply expands by 9% YoY in August

October 15, 2019 (MLN): The total money supply in the economy during August 2019 stood at Rs 21.28 trillion, marking a negligible growth of 0.24% as in last month it was Rs 21.23 trillion, shows provisional statistics of Monetary Aggregates for the month, released by the State Bank of Pakistan.

On yearly basis, the money supply displayed a growth of 9% YoY as it recorded Rs 19.45 trillion in August 2018.

Having broken down the overall money supply in broad categories, the central bank’s data shows that a total of Rs.5.29 trillion were circulated as notes while Rs.9.15 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 decreased by 2% MoM, whereas on yearly basis it increased by over Rs 685.6 billion or 15%.

Apart from this, other deposits constituted Rs.2.98 trillion in August 2019, up by 15%, 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 by 1.3% during the year to Rs 8.5 billion.

Rs.261.38 billion worth of deposits were held with post offices while National Saving Schemes held Rs.3.59 trillion, up by 5% YoY.

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