What is Madagascar's money supply (M3)?

The latest available broad money M3 figure is shown at the top of this page, in billion ariary, with its reference month. Source: INSTAT (central bank).

What are Madagascar's foreign reserves?

Gross foreign reserves (gross external assets) are shown on this page in million dollars, with their history. Source: INSTAT (central bank).

Is this data available via API?

Yes. Broad money M3 and the reserves are exposed as JSON on api.stileex.xyz/v1/series/mg/money-supply-m3/latest, for your services and your agents.

Money supply and foreign reserves in Madagascar

Name: Money supply and foreign reserves in Madagascar
Creator: Stileex
License: https://creativecommons.org/licenses/by/4.0/

The monetary aggregates published by INSTAT (central bank source): broad money M3, base money and gross foreign reserves.

In October 2024, Madagascar's broad money M3 stands at 21,500 billion ariary and gross foreign reserves at 2,721 million dollars. Source: INSTAT (central bank).

Latest data published by INSTAT: October 2024. This table follows INSTAT's publication schedule; the figure shown is the most recent available.

Broad money (M3)

21,500 bn Ar

+12.8 % year on year

In October 2024

Base money

7,588 bn Ar

+19.2 % year on year

In October 2024

Foreign reserves (gross)

2,721 M USD

+11.0 % year on year

In October 2024

Broad money M3

Broad money M3, in billion ariary. Source: INSTAT (central bank).

Show the monthly values

Month	Broad money (M3) (bn Ar)	Base money (bn Ar)	Foreign reserves (gross) (M USD)
2024-10-01	21,500	7,588	2,721
2024-09-01	20,937	6,992	2,722
2024-08-01	20,919	7,159	2,691
2024-07-01	20,667	7,121	2,556
2024-06-01	20,292	7,298	2,630
2024-05-01	20,091	7,094	2,536
2024-04-01	19,764	7,023	2,520
2024-03-01	19,757	7,040	2,576
2024-02-01	19,647	7,222	2,538
2024-01-01	19,277	6,737	2,558
2023-12-01	19,664	6,697	2,646
2023-11-01	19,186	6,538	2,568
2023-10-01	19,059	6,367	2,452
2023-09-01	18,859	6,113	2,402
2023-08-01	18,668	6,233	2,429
2023-07-01	18,552	6,029	2,426
2023-06-01	18,366	6,053	2,346
2023-05-01	18,143	5,842	2,194
2023-04-01	17,824	5,400	2,178
2023-03-01	17,665	6,194	2,171
2023-02-01	17,627	6,176	2,103

Method and source

Broad money M3 measures all means of payment in circulation; gross foreign reserves are the gross external assets. We take these aggregates published by INSTAT (Banque centrale de Madagascar source) and structure their history. Indicative figures, not contractual.

Source: Institut National de la Statistique (INSTAT), Banque centrale de Madagascar

API access

These aggregates are available as JSON, for your services and your agents.

Broad money (M3): GET https://api.stileex.xyz/v1/series/mg/money-supply-m3/latest
Foreign reserves (gross): GET https://api.stileex.xyz/v1/series/mg/foreign-reserves/latest
All series: GET https://api.stileex.xyz/v1/series/mg

Frequently asked questions

What is Madagascar's money supply (M3)?: The latest available broad money M3 figure is shown at the top of this page, in billion ariary, with its reference month. Source: INSTAT (central bank).
What are Madagascar's foreign reserves?: Gross foreign reserves (gross external assets) are shown on this page in million dollars, with their history. Source: INSTAT (central bank).
Is this data available via API?: Yes. Broad money M3 and the reserves are exposed as JSON on api.stileex.xyz/v1/series/mg/money-supply-m3/latest, for your services and your agents.