Baku, Azerbaijan, March 10
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 over twofold in January 2016 compared to January 2015, a report of the Azerbaijani Central Bank (CBA) said.
As of January 2016, M2 hit 7.936 billion manat compared to 16.236 billion manat as of February 1, 2015.
M2 reduced by 7.9 percent compared to the previous month.
The amount of cash money supply (M0) decreased by 52 percent during a year and amounted to 4.485 billion manat compared to 9.348 billion manat as of late January 2015. M0 decreased by 6.1 percent compared to the previous month.
As of January 2016, Broad Money Supply (M3) totaled 19.965 billion manat or 2.9 percent less compared to January 2015 (20.568 billion manat) and by 6.4 percent less as of late 2015 (21.319 billion manat).
The transaction money (M1) decreased by 46.6 percent during a year and amounted to 6.273 billion manat compared to 12.830 billion manat as of January 2015 and by 9.1 percent compared to December 2015 (6.897 billion manat).
Parameters of monetary market, in billion manat:
|
Volume, Jan. 2016 |
|
|
Money mass in extensive understating (М3) |
19964,6 |
|
Money mass on manat (М2) |
7936,5 |
|
Cash in manat (М0) |
4485,0 |
|
Non-cash in manat |
3451,5 |
As of March 10, the official exchange rate is 1.6228 AZN/USD.