Congo, Rep. | 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
Republic of the Congo
Records
63
Source
Congo, Rep. | Broad money growth (annual %)
1960
1961 12.45136187
1962 -16.49365629
1963 17.26519337
1964 -3.5335689
1965 -7.08180708
1966 9.85545335
1967 17.22488038
1968 16.19387755
1969 4.84763327
1970 17.2460005
1971 8.80125732
1972 6.29021668
1973 14.78873239
1974 39.12926488
1975 13.3717557
1976 15.82736267
1977 2.39771422
1978 6.72841815
1979 21.61608539
1980 36.56974425
1981 50.40325852
1982 26.205453
1983 -1.48327363
1984 7.26682634
1985 20.97807621
1986 -11.5814392
1987 5.96118649
1988 -4.50094216
1989 3.09047968
1990 18.39878782
1991 -4.80126874
1992 8.81327587
1993 -26.55995082
1994 28.19381842
1995 -0.05148555
1996 15.69673212
1997 9.51605284
1998 -12.78290919
1999 19.8714159
2000 58.52195397
2001 -29.24524351
2002 12.67805123
2003 -1.93617381
2004 20.1010159
2005 34.37195343
2006 47.07537865
2007 16.564433
2008 32.96816235
2009 4.90926478
2010 31.95524279
2011 38.0524976
2012 19.83495318
2013 1.05492198
2014 13.65567434
2015 -11.39635477
2016 -15.03190239
2017 -11.5569235
2018 -6.00980711
2019 13.99920262
2020 14.11137949
2021 7.33050004
2022

Congo, Rep. | 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
Republic of the Congo
Records
63
Source