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Cash in circulation decreases by 47% in Azerbaijan

Business Materials 12 October 2015 19:53 (UTC +04:00)

Baku, Azerbaijan, Oct. 12

By Anvar Mammadov - 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) decreased by 12.05 percent in August 2015 compared to the previous month and by 45.3 percent compared to the same period of 2014, the Azerbaijani Central Bank's report as of January-August 2015 said.

The money supply rate (M2) amounted to 9.546 billion manat as of August 2015 compared to 10.853 billion manat as of July 2015 and 17.452 billion manat as of September 1, 2014, according to the report.

The amount of cash money supply (M0) decreased by 47.5 percent during a year and amounted to 5.503 billion manat compared to 10.488 billion manat as of late August 2014. M0 decreased by 13.7 percent in August 2015 compared to late July (6.374 billion manat).

As of August 2015, Broad Money Supply (M3) totaled 17.734 billion manat or 16.76 percent less compared to the same period in 2014 (21.306 billion manat) and by 5.95 percent less as of late July 2015 (18.855 billion manat).

The transaction money (M1) decreased by 45.5 percent during a year and amounted to 7.089 billion manat compared to 13.001 billion manat as of August 2014 and decreased by 13.7 percent compared to the previous month (8.214 billion manat).

Parameters of monetary market, in billion manat:

Volume, Jan.-Aug.

Money mass in extensive understating (М3)

17734,27

Money mass on manat (М2)

9545,7

Cash in manat (М0)

5502,8

Non-cash in manat

4042,9

The official exchange rate is 1.0474 AZN/USD as of Oct. 12.

Edited by CN

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follow the author on Twitter: @Anvar_Mammadov

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