The M2 aggregate, an indicator which measures the money supply, in July reached the highest level of monthly growth it has recorded this year, increasing 9.9 billion Sk ($282.9 million). On a year-on-year basis this represents a 9% growth. The total volume of the M2 aggregate, as of the end of July, reached 460.9 billion Sk ($13.17 billion). July's M2 growth was sparked mainly by foreign loans taken by the government. In July, net loans to the government grew by 10.5 billion Sk ($300 million), to 114.4 billion Sk ($3.27 billion).
24. Sep 1998 at 0:00 | From press reports of TASR and SITA