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CBA notes increase in money supply by 34 percent in 2010

Business Materials 29 January 2011 17:27

Azerbaijan, Baku, Jan. 29 / Trend N. Ismayilova /

The Central Bank of Azerbaijan (CBA) noted the increase in money supply (M2) (cash in circulation (outside banks) and remainders in the domestic currency on accounts of non-financial organizations, financial (excluding credit) organizations and phyiscal entities) by 11.9 percent in December and 34.5 percent in 2010, the CBA reported.

So, as of Jan.1, 2011, the rate of M2 was 8297,5 million manat compared to 7417,7 million manat as of early December and 6169,2 million manat as of Jan.1, 2010.

The amount of cash money supply (M0) as of Jan.1, 2011 hit 5455,8 million manat compared to 4994,3 million manat as of early December and 4174,8 million manat as of Jan.1, 2010.

As of 2010, Broad Money Supply (M3) totaled 10527,5 million manat compared to 9620,8  million manat in early December and 8469,2 million manat as of Jan.1, 2010.

The transaction money (M1) amounted to 6718,9 million manat as of the year compared to 5964  million manat as of early December and 5239,8 million manat as of Jan.1, 2010.

The official exchange rate is 0,7969 manat to $1.

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