Fiji | 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 Fiji
Records
63
Source
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Fiji | Broad money growth (annual %)
1960
1961
0.88472928 1962
26.32360935 1963
19.25471184 1964
-8.27740492 1965
6.56176239 1966
5.48090175 1967
9.97223454 1968
17.1705599 1969
18.17078912 1970
18.98836978 1971
22.2966273 1972
13.39833837 1973
38.72468451 1974
27.20457314 1975
1.57654339 1976
18.64198682 1977
7.33700992 1978
20.74932878 1979
12.26745635 1980
5.29649891 1981
7.92301839 1982
13.36660593 1983
11.20244673 1984
1.88436974 1985
17.36955614 1986
4.24308351 1987
20.4226145 1988
8.71914948 1989
25.69391857 1990
14.54569219 1991
14.5730556 1992
6.33548521 1993
2.54093365 1994
4.49118696 1995
0.86155561 1996
-8.7308659 1997
-0.5360558 1998
13.64173369 1999
-1.54580513 2000
11.51117123 2001
21.06767641 2002
16.28349428 2003
9.46226727 2004
15.16770909 2005
22.26770056 2006
8.28845998 2007
-6.46703048 2008
7.08181916 2009
3.5063924 2010
11.04757107 2011
6.28929857 2012
18.98595783 2013
10.39538576 2014
13.93564148 2015
4.76207069 2016
8.30149285 2017
2.81629335 2018
2.69397582 2019
1.17249006 2020
2021
2022
Fiji | 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 Fiji
Records
63
Source
Create chart Download showed records Download Full dataset