Azerbaijan, Baku, April 4 / 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 1.9 percent in February and 35.1 percent compared to the same period of 2010, the CBA reported.
So, as of March 1, 2011, the rate of M2 was 7907,7 million manat compared to 7763,8 million manat as of early February and 5853.1 million manat as of March 1, 2010.
The amount of cash money supply (M0) as of March 1, 2011 hit 5363,1 million manat compared to 5266,8 million manat as of early February and 4083,9 million manat as of March 1, 2010.
As of March, Broad Money Supply (M3) totaled 10272,6 million manat compared to 10107,3 million manat in early February and 8132,6 million manat as of March 1, 2010.
The transaction money (M1) amounted to 6555,5 million manat as of March compared to 6542,3 million manat as of early February and 4982,5 million manat as of March 1, 2010.
The official exchange rate is 0.7926 manat to $1.