BAKU, Azerbaijan, January 23. The Money Supply Rate (М2) increased by 5.6 billion manat ($3.2 billion), or 19.64 percent, in Azerbaijan as of December 1, 2023, compared to the same period last year (from 29.5 billion manat ($17.7 billion) to 35.3 billion manat ($20.7 billion), Trend reports.
The data from the Central Bank of Azerbaijan (CBA) revealed that the cash supply in circulation (M0) grew by 2.5 billion manat ($1.4 billion) (19.37 percent) over the year, from 13.2 billion manat ($7.7 billion) to 15.8 billion manat ($9.2 billion), and the broad money supply (M3) increased by 2.2 billion manat ($1.2 billion), (5.2 percent), to 45 billion manat ($26.4 billion), (against 42.8 billion manat ($25.1 billion).
The transaction money (M1) per year increased by 4.3 billion manat ($2.5 billion) (17 percent), from 25.3 billion manat ($14.8 billion) to 29.6 billion manat ($17.3 billion).
Azerbaijan's money market parameters:
|
Parameters: |
Volume (as of late October 2023) |
Volume (as of late October 2022) |
|
Broad Money Supply (М3) |
45 billion manat, or $26.4 billion |
42.8 billion manat, or $25.1 billion |
|
Money Supply Rate (М2) |
35.3 million manat, or $20.7 billion |
29.5 billion manat, or $17.3 billion |
|
Transaction Money (М1) |
29.6 billion manat, or $17.3 billion |
25.3 billion manat, or $14.8 billion |
|
Cash (М0) |
15.8 billion manat, or $9.2 billion |
13.2 billion manat, or $7.7 billion |
|
Cashless |
13.8 billion manat, or $8.1 billion |
12 billion manat, or $7 billion |
Stay up to date with more news on Trend News Agency's WhatsApp channel