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Money supply ups in Azerbaijan in October

Business Materials 2 December 2010 18:40 (UTC +04:00)

Azerbaijan, Baku, Dec. 2 / Trend N. Ismayilova /

The Central Bank of Azerbaijan (CBA) noted the increase in money supply (M2) by 2.2 percent in October and 35.7 percent compared to October 2009, the CBA reported.

So, as of late October, the rate of M2 was 7314,5 million manat compared to 7156,1 million manat as of late September and 5388,5 million manat as of Nov. 1, 2009.

The amount of cash money supply (M0) in late October hit 4942,6 million manat compared to 4897,4 million manat as of late September and 3670,3 million manat as of Nov.1, 2009.

As of late October, Broad Money Supply (M3) totaled 9619,9 million manat compared to 9,390   million manat in late September and 7675,6 million manat as of Nov.1, 2009.

The transaction money (M1) amounted to 5999,9 million manat as of October compared to 5901,7 million manat as of late September and 4539 million manat as of Nov.1, 2009.

The official exchange rate is 0,8 manat to $1.

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