Advertisement

Commercial banks' monetary base slips to $460.6 billion in October

 
The amount of currency in circulation plus the statutory reserves of the commercial banks and their current accounts slipped to $460.3 billion in October from $467.7 billion in September.
 
This took place although there was a $4.1 billion increase in currency in circulation to $313.8 billion in October from $309.7 billion in September.
 
The commercial banks' statutory reserves also climbed by $1.26 billion to $86.7 billion in October.
 
The amount of money in their current accounts, which are held at the central bank, fell by $12.8 billion to $59.8 billion in October.


comments powered by Disqus
Most Popular
Trough to bring unstable weather for next few...
Vandals target Maldon Primary School in St....
Opposition demands resumption of debate on...