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Cash money supply increases 20% in Azerbaijan during year

Business Materials 31 October 2014 19:33 (UTC +04:00)

Baku, Azerbaijan, Oct. 31

Azad Hasanli - Trend:

The money supply rate (M2) (cash in circulation (outside banks) and remainders in the domestic currency on accounts of non-financial organizations, financial (excluding credit) organizations and physical entities) increased by 17.3 percent in January-September 2014 compared to the same period of 2013, the Azerbaijani Central Bank's statistics report said.

The money supply rate (M2) amounted to 17.367.8 billion AZN as of September 1, 2014 compared to 14.809.6 billion AZN as of September 2013, according to the report.

The official exchange rate is 0.7844 AZN/USD on Oct. 31.

The amount of cash money supply (M0) increased by 8.7 percent and amounted to 10.390 billion AZN compared to 9.560 billion AZN as of early October 2013.

As of January-September 2014, Broad Money Supply (M3) totaled 21.133.1 billion AZN or 20 percent more compared to January-September 2013 (17.613.6 billion AZN).

The transaction money (M1) increased by 9.35 percent per year and amounted to 12.834.7 billion AZN compared to 11.736.8 billion AZN as of September 2013.

Parameters of monetary market, in billion AZN:

Volume as of Oct 1, 2014

Money mass in extensive understating (М3)

21 133,1

Money mass on manat (М2)

17367,8

Cash in manat (М0)

10390

Non-cash in manat

6 977,8

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