site.btaMoney in Circulation at End-March 2024 Close to BGN 29 Bln

At the end of March 2024, the money in circulation reached BGN 28.894 billion, the Bulgarian National Bank reported here on Wednesday. Over a period of one year (compared to the end of March 2023), it grew by 9.3%, or BGN 2.458 billion.

In the first quarter of 2024, the money in circulation has decreased by BGN 568.4 million, or 1.9%.

The average value of a banknote in circulation at the end of the first quarter was BGN 48.51, an increase of BGN 0.93 compared to the end of 2023. Relative to the same period last year, its value at the end of March was up by BGN 2.11, or 4.5%. This was due to the continued increase in the number of BGN 50 and BGN 100 banknotes in circulation and the significant decrease in the number of BGN 10 and BGN 20 banknotes.

Compared to the end of last year, by the end of the first quarter the number of banknotes in circulation with a nominal value of BGN 5, 50 and 100 grew, with the largest increase in the share of banknotes with a nominal value of BGN 100 - by 1.09 percentage points.