
The money that circulates outside the banks in Albania has followed the growing trend even during the month of July this year and has registered a record level. According to the data of the Bank of Albania, the money outside the depository corporations has reached about 402.6 billion ALL, or about 4 billion euros, the highest level ever recorded. In June, the money outside the banks was around 395 billion ALL or 3.95 billion euros. In this way, a monthly increase of money outside banks is observed by 7.6 billion ALL, or by 1.75%. The growing trend of money outside banks continues for the fourth month in a row and at the same time the highest level in history is recorded.
The addition of this indicator year after year reflects even better the upward trajectory of money outside depository corporations, which includes all financial institutions that accept transferable deposits. In July 2023, the money outside the banks was about ALL 392 billion, about ALL 10 billion less than July of this year.
At the same time, the indicator of broad money, or as it is known differently Aggregate M3, which includes money in circulation outside the system of depository corporations, plus term deposits in Lek of residents, plus all foreign currency deposits and accounts of non-residents, has been increasing. . For July, broad money reached 1.71 trillion ALL or 10.7 billion dollars, from 1.69 trillion ALL in June. The growth of Aggregate M3 could have been even higher, but it has been restrained somewhat by the appreciation of the lek against the euro by about 5%, during this year.
The other important aggregate, M2, which includes money outside depository corporations, plus time deposits in non-bank residents' Lek, has recorded the largest increase, with about 11 billion Lek, within a month. According to data from the Bank of Albania, M2 increased to ALL 997.7 billion in July, from ALL 986.8 billion in June.