Bosnia’s money supply aggregate M1 rose 3.1% y/y to BAM 6.3bn (EUR 3.2bn) at end-June, quickening from a 2.6% increase the month before, central bank figures showed. The reading accounted for 22.6% of the forecast full-year GDP, down from 23.0% a year earlier.
M1 growth in June was underpinned by both rising currency in circulation and KM demand deposits.
The broader M2 aggregate grew 5.1% y/y to BAM 15.2bn in June, inching down from a 5.3% growth a month earlier, due to slower increase of other deposits in both foreign and domestic currency.
Quasi money (QM) rose 6.5% y/y to BAM 9bn in June, contributing 3.8 points to the 5.1% y/y M2 growth.
The M2-to-GDP ratio was broadly unchanged in annual terms at 54.9% at end-June.
| Bosnia's money supply | May'13,y/y,% | Jun'13,y/y,% | Jun'13,BAM mn |
| M1 | 2.6 | 3.1 | 6,258.6 |
| Currency in circulation | 3.4 | 3.6 | 2,441.2 |
| Demand deposits in BAM | 2.2 | 2.8 | 3,817.4 |
| QM (quasi money) | 7.2 | 6.5 | 8,976.2 |
| Demand deposits in foreign currency | 3.2 | 6.0 | 1,156.8 |
| Other deposits in domestic curr. | 15.0 | 14.5 | 2,776.7 |
| Other deposits in foreign curr. | 4.1 | 2.6 | 5,042.7 |
| M2 | 5.3 | 5.1 | 15,234.9 |
| M1 | 2.6 | 3.1 | 6,258.6 |
| QM (quasi money) | 7.2 | 6.5 | 8,976.2 |
| Source: CBBH |
Related Articles
Bosnian Serbs defy Constitutional Court ban to celebrate statehood day
Bosnian Serbs marked the anniversary of their autonomous region’s statehood on January 9 in defiance of a Constitutional Court ban. On January 9, 1992 when Bosnian Serb leaders declared ... more
Orban’s new illiberal axis
Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more
EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more