CBE elaborated in a report that the increase in domestic liquidity reflected on near money
"quasi-money" by about LE 220.4 billion with a rate of 7.6 percent, and on Money supply by about LE 20 billion or 2.4 percent.
However, short term deposits fell 0.2 per cent due to a Dh3.3 billion reduction in near money
. Short-term deposits reached Dh1,31 trillion at the end of last January compared to a month earlier.
This increase of near money
was supported by an increase in non-current deposits in local currency, recording EGP 1.926tn, compared to EGP 1.916tn.
M2 is a calculation of the money supply that includes all elements of M1, as well as 'near money
.' M1 includes cash and checking deposits, while near money
refers to savings deposits, money market securities, mutual funds and other time deposits.
"That young mum is now out of debt and swears she won't go near money
lenders like that again, but there are many parents out there in similar situations who haven't found the support that's available to them.
"On Measuring the Nearness of Near Money
: Revisited," Journal of Monetary Economics 14, 171-182.
The day before the trial opened, our Jet-Ebony crew ran into a truckload of gun-bearing whites on a truck near Money
which brought it home to us that our assignment was no good neighbor get-together.
The Chicago teenager was visiting his uncle who lived near Money
, and his battered and brutalized body was found later floating feet-up in the current of the Tallahatchie River.
Saturday, August 20, 1955, Emmett and his cousin, Wheeler Parker, boarded the Illinois Central train to visit Emmett's great-uncle, Mose Wright, his second cousin, Simeon Wright, his cousins Maurice and Robert Wright, and friends, all of whom he had visited before in the Mississippi Delta, near Money
Clearly, central banks regard near money
(interest-bearing) assets as substitutes for cash assets and include them in broad monetary aggregates.