Nigeria vs Philippines: Broad money to total reserves ratio
Broad money to total reserves ratio over time
- Nigeria
- Philippines
How they compare
Nigeria currently reports 3.65 against 3.61 in Philippines, a difference of 0.0395.
The two have swapped places 12 times across 63 shared years of data; in 1960 it was Philippines ahead.
Globally, Nigeria ranks 59th and Philippines ranks 61st of 158 countries.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).