BAKU, Azerbaijan, April 20. The Money Supply Rate (М2) as of April 1, 2023 increased in Azerbaijan by 6 billion manat ($3.5 billion), or 25.84 percent compared to the same period last year growing from 23.5 billion manat ($13.8 billion) to 29.6 billion manat ($17.4 billion), Trend reports with reference to the Central Bank of Azerbaijan.
According to the bank, the cash money supply in circulation (M0) grew by 3.1 billion manat ($1.8 billion), or 30.06 percent, over the year increasing from 10.5 billion manat ($6.1 billion) to 13.6 billion manat ($7.9 billion), while the broad money supply (M3) rose by 6.1 billion manat ($3.5 billion), or 17.67 percent, to 41 billion manat ($24.1 billion) against 34.9 billion manat ($20.5 billion) a year earlier.
At the same time, the transaction money (M1) per year increased by 5 billion manat ($2.9 billion), or 24.97 percent, growing from 20.2 billion manat ($11.8 billion) to 25.3 billion manat ($14.8 billion).
Azerbaijan's money market parameters:
|
Parameters: |
March 2023 |
March 2022 |
|
Broad Money Supply (М3) |
41 billion manat ($24.1 billion) |
34.9 billion manat ($20.5 billion) |
|
Money Supply Rate (М2) |
29.6 billion manat ($17.4 billion) |
23.5 billion manat ($13.8 billion) |
|
Transaction Money (М1) |
25.3 billion manat ($14.8 billion) |
20.2 billion manat ($11.8 billion) |
|
Cash (М0) |
13.6 billion manat ($7.9 billion) |
10.5 billion manat ($6.1 billion) |
|
Cashless |
11.6 billion manat ($6.6 billion) |
9.7 billion manat ($5.7 billion) |