BAKU, Azerbaijan, February 28. As of February 1, 2024, Azerbaijan's Money Supply Rate (M2) increased by 5.32 billion manat ($3.1 billion), or 18.4 percent, from the same period last year (from 28.9 billion manat, or $16.9 billion, to 34.2 billion manat, or $20.1 billion), Trend reports.
The data from the Central Bank of Azerbaijan (CBA) revealed that the cash supply in circulation (M0) grew by 2.1 billion manat, or $1.2 billion (16.28 percent) over the year, from 13.2 billion manat ($7.76 billion) to 15.4 billion manat ($9.06 billion), and the broad money supply (M3) increased by 2.9 billion manat, or $1.7 billion (6.86 percent), to 44.9 billion manat, or $26.4 billion (against 42.01 billion manat, or $24.7 billion a year earlier).
The transaction money (M1) per year increased by 4.08 billion manat, or 2.4 billion (16.51 percent), from 24.7 billion manat ($14.5 billion) to 28.8 billion manat ($16.9 billion).
Azerbaijan's money market parameters:
|
Parameters: |
Volume (as of February 1, 2024) |
Volume (as of February 1, 2023) |
|
Broad Money Supply (М3) |
44.9 billion manat, or $26.4 billion |
42.01 billion manat ($24.7 billion) |
|
Money Supply Rate (М2) |
34.2 billion manat ($20.1 billion) |
28.9 billion manat ($17 billion) |
|
Transaction Money (М1) |
28.8 billion manat ($16.9 billion) |
24.7 billion manat ($14.5 billion) |
|
Cash (М0) |
15.4 billion manat |
13.26 billion manat |
|
Cashless |
13.4 billion manat ($7.86 billion) |
11.45 billion manat ($6.7 billion) |