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Money Supply Reached Rp 6,900 Trillion in December 2020

Dimas Jarot Bayu 23/01/2021 11:20 WIB

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Broad money supply (M2) in December 2020 amounted to Rp 6,900 trillion, representing a year-on-year (yoy) growth of 12.4%.

Money Supply (M2) and its Components (December 2020)

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Money Supply Reached Rp 6,900 Trillion in December 2020

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Money Supply (M2) and its Components (December 2020)

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Bank Indonesia (BI) recorded broad money supply (M2) in December 2020 at Rp 6,900 trillion, representing a 12.4% year-on-year (yoy) increase. This growth is slightly higher than the previous month's 12.2% (yoy).

The increase in M2 was driven by the growth of the narrow money supply (M1) component by 18.5% (yoy), higher than November 2020's 15.8% (yoy). This is in line with the increase in the circulation of cash in the community and rupiah giro.

Meanwhile, quasi money, which accounts for 72.8% of M2 with a value of Rp 5,021.2 trillion, grew by 10.5% (yoy), slowing down from the previous month's 11.1% (yoy). This was due to the slowing growth of savings and foreign currency giro accounts.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Money Supply Reached Rp 6,900 Trillion in December 2020

Money Supply Reached Rp 6,900 Trillion in December 2020

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Money Supply Reached Rp 6,900 Trillion in December 2020

Money Supply Reached Rp 6,900 Trillion in December 2020

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