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Money supply increases by 34 percent per year

Business Materials 26 May 2010 17:17 (UTC +04:00)

Azerbaijan, Baku, May 26 / Trend N. Ismayilova /

The Azerbaijani Central Bank states about increase in money supply by 2.7 per cent in April and by 34.1 percent compared to April 2009, the message said.

Thus, as of late April, M2 figure was 6347.7 million manat compared to 6,182.6 million manat at the end of March and 4,732.3 million manat May 1, 2009.

As of late April the index M0 (cash in circulation) hit 4434.3 million manat compared to 4,312.1 million manat at the end of March and 3,297.1 million manat May 1, 2009.

Broad Money Supply (M3) hit 8735.5 million manat in April compared to 8,673.4 million manat at the end of March and 6502.4 million manat May 1, 2009.

Transaction money (M1) amounted to 5,337.5 million manat in April compared to 5,190.7 million manat at the end of March and 4109.5 million manat May 1, 2009.

On May 26, the official exchange rate is 0.8036 manat to $1.

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