Togo | 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
Togolese Republic
Records
63
Source
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Togo | Broad money growth (annual %)
1960
1961
1962
5.97826087 1963
16.15384615 1964
20.30905077 1965
8.0733945 1966
18.33616299 1967
22.85509326 1968
34.19362373 1969
10.34722827 1970
11.29337539 1971
-1.50935374 1972
14.49744586 1973
91.4540656 1974
-7.18786924 1975
45.73520051 1976
16.66302686 1977
35.0804942 1978
2.44980291 1979
9.07041407 1980
38.58343668 1981
16.50691061 1982
0.50353756 1983
15.5535364 1984
5.23365448 1985
15.56416674 1986
-1.0098709 1987
-11.90969342 1988
1.12130246 1989
9.53184374 1990
3.14203539 1991
-18.00294441 1992
-16.18726697 1993
44.28971523 1994
22.27425269 1995
-6.34970425 1996
5.26232847 1997
0.06526478 1998
8.37978598 1999
15.36837367 2000
-9.06390585 2001
-2.6846835 2002
13.26571069 2003
18.67633774 2004
2.60286969 2005
23.88084919 2006
10.60443864 2007
24.88194502 2008
14.40248147 2009
14.7367829 2010
17.27263282 2011
10.12937208 2012
16.94264113 2013
3.62229388 2014
20.77854756 2015
12.38772829 2016
9.95699571 2017
9.3349475 2018
4.53167858 2019
11.58509289 2020
12.27977608 2021
15.36246558 2022
Togo | 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
Togolese Republic
Records
63
Source
Create chart Download showed records Download Full dataset