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Growth of money supply annual pace exceeds 3% in Azerbaijan

Business Materials 8 June 2009 13:03 (UTC +04:00)

Azerbaijan, Baku, June 8 / Trend , N.Kirtskhalia/

The Central Bank of Azerbaijan (CBA) fixes shrink of money supply (M2) at 1.348 million manat or 22.18 percent with a growth of 169.1 million manat (3.7 percent) annual pace as of January-April 2009.

As of May 1, 2009, M2 hits 4.732 million manat, compared to 4.740 million manat in April 1, 6.081 million manat in January 1, 2009 and 4.563 million manat in May 1, 2008.

M0 fall 20.5 percent (848.6 million manat) with growth of 15 percent annual pace (429.6 million manat) as of January-April. As of May 1, 2009, M0 hits 3.297 million manat, compared to 3.304 million manat in May 1, 4.145 million manat in January 1, 2009 and 2.867 million manat in May 1, 2008.

The Broad Money Supply (M3) was 6.502 million manat in may 1, 2009, compared to 6.397 million manat in April 1, 8.494 million manat in January 1, 2009 and 6.549 million manat in may 1, 2008. In April the index increased by 1.6 percent and dropped by 23.4 percent in January-April and shrank at 0.7 percent annual pace.

The transaction money (M1) as of May 1, hits 4.109 million manat, compared to 4.088 million manat, 5.145 million manat and 3.702 million manat respectively. In April, the index increased by 0.52 percent, and dropped by 20.13 percent in January-April, and increased by 11 percent annual pace.

On 8 June, the official exchange rate is 0.8038 manat to $1.

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