OREANDA-NEWS. May 04, 2011. Moldova’s monetary base in March 2011 grew 7.5 percent (881.9 million leis) and totaled 654.4 million leis by the end of the month. The growth was determined by the 496.9 million leis (2.7%) increase in the net foreign assets and the 385 million leis (5.9%) growth in the net internal assets, according to the National Bank of Moldova.

The volume of money in circulation increased from 9,488.4 million leis in February 2011 to 9,731 million leis in March this year. The share of the money in circulation in the monetary base structure decreased from 80.6 percent in February 2011 to 76.9% in March this year. At the same time, the share of bank reserves went up to 23.1% from 19.4%.

The M2 money supply in March this year grew 365.3 million leis or 1.5% - to 25,001.7 million leis. The M3 money supply increased by 303.1 million leis or 0.8%, to total 37,683.8 million leis by end-March 2011. According to the National Bank’s data, the M2 indicator grew as a result of the 242.6 million leis (2.6) growth of the balance of cash in circulation, 122.1 million leis (0.8%) growth of the balance of deposits in local currency and the 0.6 million leis (39.1%) growth of the monetary market instruments.

The balance of deposits in foreign currency (calculated in MDL) decreased in March this year by 62.2 million leis (0.5%). Expressed in the USD, they grew \\$2.4 million. The share of deposits in foreign currency (calculated in MDL) in the total volume of the money supply (M3) declined from 34.1% in February 2011 to 33.7% in March this year.