Azerbaijan's money supply in national currency increases

BAKU, Azerbaijan, March 29. As of March 1, 2024, Azerbaijan's Money Supply Rate (M2) increased by 5.24 billion manat ($3.08 billion), or 18.08 percent, compared to the same period last year (from 29 billion manat ($17 billion) to 34.26 billion manat ($20.15 billion)., Trend reports.

According to data from the Central Bank of Azerbaijan (CBA), the cash supply in circulation (M0) increased by 1.66 billion manat, or $980 million (12.27 percent), from 13.57 billion manat ($7.9 billion) to 15.24 billion manat ($8.9 billion), and the broad money supply (M3) increased by three billion manat, or $1.7 billion (7.26 percent), to 44.7 billion manat, or $26.29 billion.

Annual transaction money (M1) increased by 3.9 billion manat, or 2.29 billion (16.05 percent), from 24.68 billion manat ($14.5 billion) to 28.6 billion manat ($16.8 billion).

Azerbaijan's money market parameters:

To note, as of January 1, 2024, the M3 indicator amounted to 45.07 billion manat ($26.5 billion), M2 - 34.2 billion manat ($20 billion), M1 - 29.67 billion manat ($17.4 billion), and M0 - 13.8 billion manat ($8 billion).