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September 15, 2003 - Monday |
Money mass increased 8.9 pct, IZIT expert
14:41 BELGRADE, Sept 15 (Tanjug) - Expert of the Belgrade Institute for Market Research - IZIT Toma Milosavljevic pointed out on Monday that in August the money mass increased 8.9 pct and reached the level of 106.4 billion dinars, whereas the money in circulation increased only by 2.7, and deposits by 13 pct.
The structure of the money mass is still unfavorable, as the level of ready money in circulation is too high, enabling the maintaining of a parallel economy and irregular financial transactions, he said.
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