Baku, Azerbaijan, Sept.4
By Zulfiyya Gurbanova - 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 20.2 percent in January -July 2014, compared to the same period of 2013, Central Bank of Azerbaijan said in its report on Sept.4.
The M2 amounted to over 17.438 billion AZN as of July 2014, compared to over 14.504 billion AZN as of July 2013, according to the CBA report.
The amount of cash money supply (M0) increased by 11.1 percent and stood at around 10.509 billion AZN compared to over 9.455 billion AZN as of early August 2013.
Broad Money Supply (M3) exceeded 21.225 billion AZN in January -July 2014, which is 21.7 percent more compared to the same period of 2013 ( around 17.436 billion AZN).
The transaction money (M1) increased by 13.2 percent in a year and amounted to about 13.037 billion AZN compared to some 11.515 billion AZN as of July 2013.
Parameters of monetary market, in million AZN:
|
Volume, as of Aug. 1, 2014 |
|
|
Money mass in extensive understating (М3) |
21225.4 |
|
Money mass on manat (М2) |
17438.1 |
|
Cash in manat (М0) |
10508.9 |
|
Non-cash in AZN |
6 929.2 |
The official exchange rate on Sept.4 is 0.7843 AZN/USD.
Edited by CN