OREANDA-NEWS. On March 31, 2008 as it was informed at the National Bank of Moldova, the growth of monetary base was largely due to increase in net external assets of NBM in result of the acquiring currency in the amount of \\$ 8,7 million.

According to NBM, the volume of money in circulation increased from 6281,6 million leis in January 2008 up to 6348,4 million leis in February 2008.

The share of money in circulation increased from 68,5% in January 2008 up to 68,9% in February 2008. At the same time, the share of bank reserves declined from 31,5% up to 31,1%. M2 monetary base grew by 660,1 million leis, or 3,6% - up to 19008,4 million leis.

At the same time, M3 monetary base increased by 527,1 million leis, or 1,9%, reaching 28348 million leis in late February. The increase in M2 indicator was due to growth of the balance of deposits in the national currency by 590,9 million leis (4,9%), the volume of cash in circulation by 66,8 million lei (1,1%), and the balance of monetary market instruments by 2,4 million leis (90,5%).

At the same time, deposits of residents in foreign currency (expressed in leis) decreased by 133 million leis or 1,4%. Expressed in USD, they decreased by \\$ 4,9 million or 0,6%. The share of deposits in foreign currency converted into leis declined from 34% in January 2008 up to 32,9% in February 2008.

Net international (convertible) reserves of the banking system increased by \\$ 15,6 million amounting to \\$ 1071,8 million. Net international reserves of NBM increased by \\$ 18,3 million, and banks – reduced by \\$ 33,9 million.