The average daily balance of M2 -- cash in circulation, demand deposits and
quasi money -- plus certificates of deposit (CDs), came to 651.
The main driver of the decline m/m was
quasi money (fx and longer term dirham deposits) which fell -1.
Quasi money -- RO savings and time deposits, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits -- increased by 9.
As for the increase in
quasi money, it came after a rise in non-current deposits made in local currency in the amount of EGP 19.
In the first nine months of 2007, the
quasi money witnessed an increase of 25.
The balance of
quasi money -- money in time deposits, deferred savings, yen deposits by nonresidents and foreign-currency deposits -- contracted 1.
1 per cent m/m decline in
quasi money (FX and longer term AED deposits), which offset the 2.
Quasi money (comprising rial Omani savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by 15.
As for
quasi money, (which consists of all other types of deposits in local currency and foreign currency except on-demand deposits in local currency) it has increased by 19.
The April balance of
quasi money -- consisting of money in time-deposits, deferred savings, yen deposits by nonresidents and foreign-currency deposits -- contracted 1.
Quasi money (fx and long term dirham deposits) growth accelerated to 20.
Quasi money (comprising RO savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by 17.
