Deposits are falling for the 3rd month in a row, 370 million euros have been "burned" since January, "ready" money is also falling

Deposits in broad money are registered in decline for the third month in a row, according to the data of the Bank of Albania, which refer to the month of April this year. Since the month of January, the last period with increasing broad money deposits, a full 40.7 billion ALL, or about 370 million euros of deposits, have been "burned". During April, deposits fell by 1.1%, in March by 0.9% and in February by 1.2%. According to these figures, the total deposits in broad money for April is fixed at 1.25 trillion lek, from 1.27 trillion which was this figure in March of this year. The last time that deposits fell for three months in a row was in 2019, during the March-April-May period, but at significantly lower levels than this year. As for deposits in Lek, the figures show that they decreased by 543 billion Lek during April. from ALL 549 billion that were during the month of March, while those in foreign currency have decreased to ALL 711 billion, from ALL 719 billion that were during the preceding month. For the latter, the exchange rate may also have had an effect, given that foreign currency deposits are expressed in Lek for statistical reasons. On the other hand, the figures of monetary aggregates speak of an overall decline in money in circulation. Aggregate M1, which measures money outside banks and current and non-term accounts, i.e. money with high liquidity, or "ready" money, has fallen to 591 billion ALL, from 613 billion ALL, which was this indicator in March. Aggregates M1, M2, and M3, which show the supply of money in circulation, are also decreasing. from ALL 719 billion that were during the previous month. For the latter, the exchange rate may also have had an effect, given that foreign currency deposits are expressed in Lek for statistical reasons. On the other hand, the figures of monetary aggregates speak of an overall decline in money in circulation. Aggregate M1, which measures money outside banks and current and non-term accounts, i.e. money with high liquidity, or "ready" money, has fallen to 591 billion ALL, from 613 billion ALL, which was this indicator in March. Aggregates M1, M2, and M3, which show the supply of money in circulation, are also decreasing. from ALL 719 billion that were during the preceding month. For the latter, the exchange rate may also have had an effect, given that foreign currency deposits are expressed in Lek for statistical reasons. On the other hand, the figures of monetary aggregates speak of an overall decline in money in circulation. Aggregate M1, which measures money outside banks and current and non-term accounts, i.e. money with high liquidity, or "ready" money, has fallen to 591 billion ALL, from 613 billion ALL, which was this indicator in March. Aggregates M1, M2, and M3, which show the supply of money in circulation, are also decreasing. the figures of monetary aggregates speak of an overall decline in money in circulation. Aggregate M1, which measures money outside banks and current and non-term accounts, i.e. money with high liquidity, or "ready" money, has fallen to 591 billion ALL, from 613 billion ALL, which was this indicator in March. Aggregates M1, M2, and M3, which show the supply of money in circulation, are also decreasing. the figures of monetary aggregates speak of an overall decline in money in circulation. Aggregate M1, which measures money outside banks and current and non-term accounts, i.e. money with high liquidity, or "ready" money, has fallen to 591 billion ALL, from 613 billion ALL, which was this indicator in March. Aggregates M1, M2, and M3, which show the supply of money in circulation, are also decreasing.