According to the Central Bank estimates, the proportion of foreign currency at the end of 2006 (both in cash and in bank deposits) in overall money supply was around 15%, while at the end of 1999 this share exceeded 60%.
The powerful inflow of private capital was partly due to the fact that as of July 1, 2006 all restrictions and burdens on foreign currency operations linked to movement of capital and effective until then were removed. The process of foreign exchange liberalization was fully completed. The improved investment climate and the stable economic situation also contributed to net private capital inflow.