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Selected Monetary and Foreign Exchange Indicators

 

  2000
December

2001
December

2002
December

2003

Rate of Growth

 

January

February

Feb.2003/
Jan-03

1. Reserve money1) 21,327 46,856 78,134 75,881 68,128 -10.2
2. Giro accounts of banks 2) 4,088 8,015 14,201 13,723 7,519 -45.2
3. Currency in circulation 10,932 25,324 43,651 37,884 35,867 -5.3
4. Money supply (M1)3) 29,976 62,278 111,244 114,762 110,690 -3.5
5. Money supply (M2)4) 37,331 70,962 129,826 129,890 124,739 -4.0
6. Foreign currency reserves of NBS
(in millions of US$)
524 1,169 2,280 2,266 2,182 -3.7
7. NBS securities sold5) 86 715 1,549 2,423 2,462 1.6
8. Discount rate of NBS6) 26.34 16.43 9.50 9.00 9.00  
9. Average money market interest rates6) 117.43 55.31 32.21 30.40 33.65  
10. Average interest rate on NBS securities6) 41.80 20.00 10.33 9.97 11.72  
11. Valve of EUR against dinar 58.67 59.71 61.52 62.41 63.29 1.4
12. Valve of USD against dinar 63.16 67.67 58.98 57.73 58.66 1.6
Selected indicators in % Changes
1 - 28 Feb 2003
13.Currency in circulation/M1 36.5 40.7 39.2 33.0 32.4 -0.6
14. Foreign currency reserves of NBS/M1 110.4 127.0 120.9 114.1 115.6 1.5
15. Foreign currency reserves of NBS/
three-month average of imports7)
           
187,2 283.1 379.6 440.0 424.0 -16.0
           


1) Including non-bank deposits with and securities issued by the NBS.

2) Including overnight deposits.
3) Including government deposits.
4) Including all dinar deposits.
5) At the close of business on a corresponding day.
6) On an annual level.
7) Including the last three available months.

Source: National bank of Serbia

 

 

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