Monetay Aggregates

Monetary aggregates are broad measures of how much money exists in the economy.

Broad money is the most common method of measuring the amount of money the public holds in the economy. It is calculated using the IMF methodology and is presented in end-of-period terms.

The monetary base is another aggregate. It measures the total amount of cash that the central bank issued into circulation plus commercial banks’ deposits held at the central bank. The monetary base is affected both by factors that are controlled by the Bank, such as foreign exchange purchases and MAKAM (central bank bills) issuances, as a means of achieving various monetary policy objectives, and by factors that are not under the Bank's control, such as government accounts.