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Money supply ups by over 11 percent in Azerbaijan

Business Materials 7 April 2010 15:29 (UTC +04:00)

Azerbaijan, Baku, Apr. 7 / Trend N.Ismayilova /

In February, the Central Bank of Azerbaijan noted the increase in money supply (M2) by 0.3 percent and 11.2 percent compared to February 2009.

So, as of Late February, the rate of M2 was 5853.1 million manat compared to 5837.7 million

The amount of cash money supply (M0) in late February hit 4083.9 million manat compared to 3972.8 million manat as of Feb.1 and 3666.9 million manat as f March 1, 2009.

As of Late February 2010, Broad Money Supply (M3) totaled 8132.6 million manat compared to 8143.8 million manat as of Feb.1, 7328.4 million manat as of March 1, 2009.

In February, the transaction money (M1) amounted to 4982.5 million manat compared to 4857.2 million manat as of Feb.1 and 4528.5 million manat as of march 1, 2009.

Apr. 7, the official exchange rate is 0.8035 manat to $1.

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