Ukraine M2 money supply up in March


May. 12, 2000 18:00
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KIEV, May 12 - Ukraine’s M2 broad money supply rose to 23.275 billion hryvnias ($4.32 billion) on April 1 from 22.241 billion hryvnias at the start of March, the central bank said in a statement on Friday. The central bank said the monetary base grew to 12.580 billion hryvnias on April 1, 2000 from 12.212 billion hryvnias at the start of the previous month. M2 grew by 40.7 percent in 1999 after a 24 percent rise in the previous year. The monetary base rose by 39 percent in 1999 after a 22 percent rise in 1998. NOTE: M0 is cash in circulation, M1 includes currency and current account transactions, M2 is M1 plus some relatively liquid savings balances. The monetary base comprises cash in circulation and commercial bank deposits at the central bank.

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