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  • Reserve Money Components and Growth in Pakistan

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    This document summarizes Pakistan's reserve money components from June 2011 to November 2011. It shows that total reserve money grew 11.39% in FY10 and 17.06% in FY11, with currency in circulation, cash in tills, and bank/NBFI deposits being the main components. Net foreign assets increased by $235 billion from June 2011 to November 2011, while net domestic assets grew by $51 billion, contributing to the overall growth in reserve money. Government sector borrowing, non-government sector claims on banks, and other items like special debt repayment accounts were the main factors affecting changes in net domestic assets.

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    Reserve Money

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    This document summarizes Pakistan's reserve money components from June 2011 to November 2011. It shows that total reserve money grew 11.39% in FY10 and 17.06% in FY11, with currency in circulation, cash in tills, and bank/NBFI deposits being the main components. Net foreign assets increased by $235 billion from June 2011 to November 2011, while net domestic assets grew by $51 billion, contributing to the overall growth in reserve money. Government sector borrowing, non-government sector claims on banks, and other items like special debt repayment accounts were the main factors affecting changes in net domestic assets.

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    12 views1 page

    Reserve Money Components and Growth in Pakistan

    Uploaded by

    jhonmethewmethew4800
    This document summarizes Pakistan's reserve money components from June 2011 to November 2011. It shows that total reserve money grew 11.39% in FY10 and 17.06% in FY11, with currency in circulation, cash in tills, and bank/NBFI deposits being the main components. Net foreign assets increased by $235 billion from June 2011 to November 2011, while net domestic assets grew by $51 billion, contributing to the overall growth in reserve money. Government sector borrowing, non-government sector claims on banks, and other items like special debt repayment accounts were the main factors affecting changes in net domestic assets.

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    of 1

    2) Reserve Money (RM)

    (Million Rupees)

    COMPONENTS
    A
    B
    C
    D

    Currency in Circulation
    Cash in Tills
    Other Deposits
    Banks / NBFIs Deposits

    Stocks at EndJune 2011


    1,501,409
    104,852
    10,145
    349,427
    1,965,833

    Reserve Money (RM)


    Growth

    Yearly Flows

    FY 10

    FY 11

    Monetary Impact Since


    1st July to
    25-Nov-11 P

    27-Nov-10

    143,212
    10,667
    2,000
    15,826
    171,706

    206,025
    17,179
    3,482
    59,861
    286,546

    152,064
    3,373
    -1,267
    -17,002
    137,168

    237,724
    10,430
    1,366
    8,855
    258,375

    11.39%

    17.06%

    6.98%

    15.39%

    Factors Affecting Reserve Money (RM)


    A
    B

    Net Foreign Assets 1/


    Net Domestic Assets (1+2+3+4)

    613,998

    75,851

    235,300

    -112,241

    32,205

    1,351,834

    95,856

    51,247

    249,409

    226,171

    7.96%

    3.94%

    18.45%

    17.39%

    43,215
    44,005
    30,138
    10,984
    12,757
    -4,475
    -4,139
    5,482
    15,889
    1,110
    -790
    10,334
    9,482
    852
    0
    42,307
    171,706

    -2,884
    -7,993
    98,035
    -103,939
    -106,714
    -12,241
    -21,637
    -44,630
    -28,206
    686
    0
    5,109
    3,444
    2,501
    943
    -232
    50,919
    286,546

    42,817
    44,842
    -5,650
    81,669
    50,093
    -5,799
    12,023
    37,726
    6,144
    1,510
    -1,112
    -2,026
    -12,332
    -12,647
    315
    0
    218,925
    137,168

    252,701
    251,310
    257,611
    3,014
    -7,300
    -10,493
    -13,489
    13,699
    2,984
    998
    0
    1,391
    11,579
    10,832
    747
    0
    -38,110
    258,375

    11.39%

    17.06%

    6.98%

    15.39%

    Growth
    1

    Government Sector
    (i) Budgetary Borrowings 2/of which
    a) Federal Government
    of which deposits with SBP
    b) Provincial Government
    Balochistan Government
    Khyber Pakhtunkhwa Government
    Punjab Government
    Sindh Government

    c) AJK Government
    d) Gilgit-Baltistan Government

    (ii) Others
    2 Non-Government Sector
    (i) Claims on Scheduled Banks
    (ii) Claims on NBFIs
    3 Special Account-Debt Repayment
    4 Other Items (net)

    Reserve Money (RM)


    Growth
    P:

    1,222,058
    1,200,658
    1,239,785
    -141,092
    -39,713
    7,646
    -26,471
    11,872
    -32,760
    586
    0
    21,400
    333,751
    315,181
    18,571
    -23,915
    -180,060
    1,965,833

    Provisional

    1/ The treatment of SDR allocation changed from Equity to SBP foreign liability w.e.f. 30-06-2009 and onwards.
    2/ Governments borrowing net of Federal, Provincial, Azad Kashmirs and Gilgit-Baltistans deposit with SBP.The (-) sign in govt. deposits shows a credit balance
    whereas (+) sign shows their debtor/withdrawal from the system

    Contact Person: Mr. GH Khaskheli (Sr. Joint Director), Monetary Statistics Division, Phone: 92 21 99221921
    email: gh.khaskheli@sbp.org.pk
    For Feedback: http://www.sbp.org.pk/stats/survey/index.asp

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