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MONEY MASS IN AZERBAIJAN GREW 6.3%

Business Materials 27 June 2005 11:39 (UTC +04:00)

In May money mass in Azerbaijan grew 7.4% in May, while in 2005 a rise comprised 6.3%. The National Bank of Azerbaijan said that as of 1 June the amount of one mass in Azerbaijan (M2) comprised 3631.8bn manats against 3,381,8bn mantas fixed as of 1 May and 3,418bn mantas as of 1 January 2005.

In May the money in cash (M0) rose 5.85%, while in 2005 it dropped 4,203%. As of 1 June M0 turned out 2,489,4bn mantas against 2,351,8bn mantas as of 1 May and 2,389bn mantas as 1 January 2005.

Amount of non-cash money grew 10,913% in May, while in 2005 it rose 11.02%. As of 1 June the amount of money in cash comprised 1,142,4bn mantas against 1,030bn manats as of 1 May against 1,029bn mantas as of 1 January 2005

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