Myanmar | 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 Union of Myanmar
Records
63
Source
Myanmar | Broad money growth (annual %)
1960
1961 2.35148515
1962 12.3337364
1963 34.33799785
1964 -7.73237179
1965 -8.07642206
1966 7.88852149
1967 3.10858144
1968 0.8492569
1969 0.92631579
1970 4.47642887
1971 4.62404664
1972 19.27025686
1973 20.6016
1974 22.21396731
1975 18.66478506
1976 10.48904989
1977 4.3219076
1978 15.68253968
1979 16.6712404
1980 16.98224156
1981 20.41821655
1982 13.16580397
1983 15.60309849
1984 17.6515635
1985 -1.77370362
1986 31.33800872
1987 -24.65523041
1988 29.92745536
1989 32.21663875
1990 37.65592516
1991 36.89116481
1992 34.18766054
1993 26.9672044
1994 33.20101173
1995 38.93476746
1996 39.04871357
1997 28.07760694
1998 33.66595002
1999 29.53865553
2000 42.44032348
2001 43.64109828
2002 35.58647715
2003 0.73328131
2004 32.09073882
2005 27.3085475
2006 27.31114362
2007 29.92100735
2008 14.89220419
2009 30.63739218
2010 42.49972682
2011 30.60134018
2012 32.55901693
2013 31.4251476
2014 20.95688998
2015 30.67291739
2016 17.44887373
2017 20.54242235
2018 14.57031427
2019 15.54442608
2020 18.17737712
2021
2022
Myanmar | 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 Union of Myanmar
Records
63
Source