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July 07, 2003 - Monday |
Money supply and loans
July 7, 2003 (IIS, Ekonomist) - In May in Serbia money supply M1 reached 112.5 billion dinars (€1.73 billion), probably less than 10% of GDP. Money supply M2 amounted on 130 billion dinars (€2 billion) and was completely covered by foreign currency reserves ($2.5 billion). Money supply M3 was valuated at 200 billion dinars (€3.1 billion).
Total loans of commercial banks in April amounted on 131 billion dinars (€2.02 billion) – slightly more than M2. Loans in foreign currency were valuated on 70 billion dinars (€1.08 billion).
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