Money supply ups by 4 percent in Azerbaijan
Azerbaijan, Baku, Aug. 27 / Trend N.Ismayilova /
The Central Bank of Azerbaijan (CBA) noted the increase in money supply (M2) by 4 percent in July and 35.4 percent compared to July 2009, the CBA reported.
So, as of late July, the rate of M2 was 6,892 billion manat compared to 6,629.4 billion as of late June and 5,091.6 billion as of Aug.1, 2009.
The amount of cash money supply (M0) in late July hit 4,811.4 billion manat compared to 4,587.3 billion manat as of late June and 3,657.5 million manat as of Aug.1, 2009.
As of late July, Broad Money Supply (M3) totaled 9,054.5 billion manat compared to 9,082.5 billion manat as of late June, 7,582.4 billion manat as of Aug.1, 2009.
The transaction money (M1) amounted to 5,756.5 billion manat compared to 5,544.1 billion manat as of late June and 4,365.5 million manat as of Aug.1, 2009.
The official exchange rate is 0.8037 manat to $1 Aug. 27.
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