For the first time, the money circulation in Bulgaria has surpassed 30 billion leva. According to the Bulgarian National Bank’s (BNB) publication “Overview of the Issue and Cash Activity”, the total value of banknotes and coins in circulation reached BGN 30 billion and 356 million as of the end of September.
The number of banknotes in circulation stands at 604.9 million, with a total value of 29 billion and 695 million leva. The 50 leva banknote is the most prevalent, accounting for 41.5% of the total share, or 251.1 million pieces. Additionally, there are 3.315 billion coins in circulation, with the number of exchange coins increasing by 140.1 million, or by 4.4%, compared to last year.
In terms of quantity, the most common coin is the 1-cent piece, making up 27.7% of the total with 919.7 million pieces. The most frequently used coin by value is the 1 leva coin, representing 32% of the total monetary value, totaling 197.2 million leva.
The current amount of circulating money is nearly four times greater than it was in September 2007, when it was recorded at 7.568 billion leva. The BNB’s regular monthly balance sheet indicates that the threshold of 30 billion leva in banknotes and coins was already reached in August this year.
Overall, the money supply in the economy has increased by 6.8% or by 1.928 billion leva compared to September of the previous year. (Novinite)