Money supply increases by 2.7 percent in Azerbaijan in June
Azerbaijan, Baku, August 4 / Trend N. Ismayilova /
The Central Bank of Azerbaijan (CBA) noted an increase in money supply (M2) by 2.7 percent for June and 36.1 percent compared to June 2009, the CBA said.
As of late June M2 amounted to 6.6294 billion manat compared to 6454 million manat in late May, 4872 million manat July 1, 2009.
As of late June M0 hit 4,587,3 million manat compared to 4,543,5 in late May, 3,486,4 million manat July 1, 2009.
Broad Money Supply (M3) hit 9,082,5 million manat as of late June compared to 8,929,8 million manat in late May, 6,693,9 million manat July 1, 2009.
Transaction money (M1) amounted to 5,544.1 million manat in June compared to 5,439,8 million manat in late May, 4,198,8 million manat July 1, 2009.
On August 4, the official exchange rate is 0.8033 manat to $1.