Turkiye | 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 Turkiye
Records
63
Source
Turkiye | Broad money growth (annual %)
year value
1960
1961 9.69030969
1962 9.28961749
1963 13.33333333
1964 17.86764706
1965 18.83967561
1966 23.04461942
1967 15.65699659
1968 15.19734415
1969 17.03490234
1970 21.89603283
1971 28.13054115
1972 26.02739726
1973 28.42210608
1974 25.6645597
1975 28.01023221
1976 23.43010934
1977 33.80031399
1978 36.53148859
1979 61.72498374
1980 74.04442263
1981 88.3647362
1982 51.14404788
1983 29.7134463
1984 58.7053251
1985 55.1831419
1986 66.08930799
1987 53.32121578
1988 65.06417298
1989 69.03685053
1990 53.0784361
1991 82.92999719
1992 78.14060137
1993 64.22198164
1994 144.79679228
1995 104.18957536
1996 116.53975281
1997 97.79596298
1998 89.31653727
1999 101.9909036
2000 40.65796037
2001 90.36813458
2002 27.88545484
2003 14.43683139
2004 20.7916923
2005 35.9674536
2006 22.17427552
2007 15.22566678
2008 24.82368926
2009 12.65944754
2010 18.54685909
2011 15.20402661
2012 10.42227468
2013 21.15282176
2014 11.18342526
2015 16.51465581
2016 17.64878823
2017 16.35192242
2018 18.38002716
2019 27.0230865
2020 34.24288532
2021 52.51794426
2022 60.33932726

Turkiye | 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 Turkiye
Records
63
Source