Algeria | Broad money growth (annual %)
Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
People's Democratic Republic of Algeria
Records
63
Source
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Algeria | Broad money growth (annual %)
1960
1961
1962
1963
1964
10.88506711 1965
9.30584452 1966
29.88406299 1967
35.35837996 1968
14.37992126 1969
12.51183203 1970
6.50095602 1971
30.26211849 1972
12.25536138 1973
26.55927708 1974
30.95847885 1975
29.20469361 1976
19.1427392 1977
29.85120594 1978
18.12953053 1979
17.380065 1980
16.69357167 1981
26.32610807 1982
20.33214881 1983
17.351711 1984
14.96684932 1985
1.4098097 1986
13.60256546 1987
13.59811707 1988
5.182189 1989
11.41565552 1990
20.80279852 1991
31.27487975 1992
7.29664105 1993
15.70483907 1994
9.46358192 1995
14.64464552 1996
18.25947539 1997
19.57262026 1998
13.9471736 1999
14.13150284 2000
54.05140869 2001
18.05211536 2002
16.30615568 2003
10.4512235 2004
11.69360354 2005
19.64477663 2006
23.09073922 2007
16.03708229 2008
4.8408351 2009
13.54843173 2010
19.90700326 2011
10.93691709 2012
8.40999984 2013
14.42367387 2014
0.29713103 2015
0.8157745 2016
8.380855 2017
11.1022592 2018
-0.75753111 2019
7.44561735 2020
13.18375865 2021
14.32625276 2022
Algeria | Broad money growth (annual %)
Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
People's Democratic Republic of Algeria
Records
63
Source
Create chart Download showed records Download Full dataset