OREANDA-NEWS. October 29, 2010. According to the NBM, the reduction in the monetary base was caused by the decrease of net internal assets by 1 billion 223,6 million lei (25,9%), resulting from reduction of internal crediting by 1 billion 020,4 million lei or by 24%.

At the same time, the net external assets increased in September by 494,4 million lei or by 3%, resulting from the domination of transactions on purchasing of foreign currency carried out by the National Bank of Moldova on the internal foreign exchange market.

The volume of money in circulation decreased from 9 billion 194,4 million lei in August up to 9 billion 170,3 million lei in September. In the structure of the monetary base the share of money in circulation grew from 78,4% in August up to 83,4% in September. At the same time, the share of bank reserves decreased from 21,6% up to 16,6%.

The money mass M2 in September increased by 490,3 million lei (2,2%) - up to 23 billion 022,2 million lei. In addition, the money mass M3 increased by 1 billion 023,7 million lei (3%) and amounted to 34 billion 764,6 million lei as of late September 2010. According to the NBM, the growth in M2 index is caused by the increase in the balance of deposits in the national currency by 514,5 million lei (3,9%) and by the decrease in the cash balance in circulation by 24,2 million lei (0,3%).

The balance of foreign currency deposits (converted into lei) grew by 533,4 million lei (4,8%). Expressed in US Dollars, they increased by USD58,5 million. The share of foreign currency deposits (converted into lei) in the total money mass (M3) increased from 33,2% in August up to 33,8% in September.