Azerbaijan's money supply in national currency grows significantly

BAKU, Azerbaijan, April 29. As of April 1, 2024, Azerbaijan's Money Supply Rate (M2) increased by 4.76 billion manat ($2.78 billion), or 18.08 percent, compared to the same period last year (from 29.7 billion manat, or $17.47 billion, to 34.45 billion manat, or $20.26 billion), Trend reports.

According to data from the Central Bank of Azerbaijan (CBA), the cash supply in circulation (M0) increased by 1.74 billion manat, or $1.03 billion (12.76 percent), from 13.69 billion manat ($8.05 billion) to 15.43 billion manat ($9.08 billion), and the broad money supply (M3) increased by 3.75 billion manat, or $2.2 billion (9.13 percent), to 44.83 billion manat, or $26.2 billion.

Annual transaction money (M1) increased by 3.4 billion manat, or 1.99 billion (13.41 percent), from 25.3 billion manat ($14.9 billion) to 28.7 billion manat ($16.9 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).