In April, demand for cash increased by 69.8 million GEL.
According to the National Bank’s monthly overview, refinancing loans decreased by 55.0 million GEL compared to last month.
"One-day loan balance decreased by 215.0 million GEL. In April, certificates of deposit with a nominal volume of 20 million GEL were placed and covered. There was no purchase of treasury securities in the secondary market. In total, in April, the amount of net debt of banks decreased by 270.0 million GEL and by the end of the month totaled 2,395.0 million GEL.
In April, the demand for cash increased by 69.8 million GEL, the volume of certificates of deposit. There was no purchase of treasury securities in the secondary market. In total, in April, the amount of net debt of banks decreased by 270.0 million GEL and by the end of the period, it equaled 2,395.0 million GEL.
In April, the volume of broad money (M3) decreased by 265.6 million GEL per month driven by a decline in foreign currency deposits. As for the M2 aggregate, its volume has increased by 84.4 million GEL," NBG review reads.
