OREANDA-NEWS. On February 28, 2008 the National Bank of Moldova informed, the decrease of the monetary basis was mostly caused by decrease in net domestic assets of the NBM.

At the same time net outside assets increased by 182,9 mln leis (1,4%). The NBM informs, the amount of money in circulation decreased from 6 bln 664,9 mln leis in December 2007 to 6 bln 281,6 mln leis in January 2008.

In the structure of the monetary mass the share of money in circulation decreased from 69,9% in December 2007 to 68,5% in January 2008. At the same time the share of bank reserves increased from 30,1% to 31,5%. Monetary mass M2 in January 2008 decreased by 48,4 mln leis (0,3%) - to 18 bln 348,3 mln leis.

At the same time, monetary mass M3 increased by 476,8 mln leis (1,7%) – to 27 bln 820,9 mln leis. Decrease in M2 index resulted from decrease of the cash amount in circulation by 383,3 mln leis (5,8%) and balance of monetary market instruments by 14,7 mln leis (84,9%). At the same time, the rest of the deposits in the national currency increased by 349,6 mln leis (3%). The deposits of residents in foreign currency (in lei terms) increased by 525,2 mln leis (5,9%). In USD terms they increased by $49,1 mln. (6,2%).

Share of deposits in foreign currency in lei terms, in the total amount of monetary mass increased from 32,7% in December 2007 to 34% in January 2008. Net international (convertible) reserves of the banking system increased by $40,1 mln and made $1 bln 87,4 mln. In their structure net international reserves of the NBM increased by $20,7 mln, and of banks - by $19,4 mln.