Money supply ups by 34 percent in Azerbaijan
Azerbaijan, Baku, July 1 / Trend N.Ismayilova /
The Central Bank of Azerbaijan noted the increase in money supply (M2) by 1.7 percent in May 2010 and by 34.1 percent in annual calculation.
So, as of late May, 2010 the rate of M2 was 6454 million manat compared to 6347.7 million as of late April, 4811.2 million manat as of June 1.
The amount of cash money supply (M0) in May hit by 4543.5 million manat, compared to 4434.3 as of late April and 3396.7 manat as of June 1, 2009.
As of late May, 2010, Broad Money Supply (M3) totaled 8929.8 million compared to 8735.5 million manat as of late April, 6612 million manat as of June 1, 2009.
The transaction money (M1) amounted 5439.8 million manat as of May, 2010, compared to 5337.5 million manat and 4150.6 million manat respectively.
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