OREANDA-NEWS. December 05, 2008. As it was informed in the National Bank of Moldova, the growth of the monetary base was due to increase in the net internal assets by 1 billion 878,8 million leis (33.4%).

At the same time, net external assets decreased by 1 billion 706 million leis (10.1%). According to NBM, the amount of money in circulation fell from 7 billion 176,5 million leis in September up to 7 billion 040.8 million leis in October.

The share of money in circulation decreased from 63.7% in September up to 61.6% in October. At the same time, the share of the bank reserves grew from 36.3% up to 38.4%. In October 2008, money mass M2 decreased by 432.7 million leis (2%) - up to 21 billion 363,7 million leis. At the same time, money mass M3 declined by 1 billion 300 million leis (4%) and made 31 billion 073,1 million leis as of late October.

Reduction of M2 was due to decrease in the balance of deposits in leis by 298.5 million (2%) and money in circulation- by 135.7 million leis (1.9%), while the balance of other instruments of monetary market has increased by 1.5 million leis (9.1%). According to NBM, deposits in foreign currency of residents (expressed in leis) decreased by 867.3 million leis (8.2%). Expressed in USD, they decreased by US 83.9 million.

The share of deposits in foreign currency, converted into leis, decreased from 32.7% in September up to 31.2% in October. Net international (convertible) reserves of the banking system declined by US 179.7 million, reaching US1 billion 194,2 million. Net international reserves of NBM decreased by US 164 million and reserves of the banks - by US 15.7 million, respectively.