Azerbaijan, Baku, Nov.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 physical entities) by 2.3 percent in August and 35.8 percent compared to the same period of 2010, the CBA reported on Friday.
So, as of Sep. 1, 2011, the rate of M2 was 9.569.8 billion manat compared to 9.351.4 billion manat as of early August and 7.046.6 billion manat as of Sept.1, 2010.
The amount of cash money supply (M0) as of Sept.1, 2011 hit 6.493.7 billion manat compared to 6.199 billion manat as of early August and 4.850.8 billion manat as of Sept.1, 2010.
As of early August, Broad Money Supply (M3) totaled 12.336.2 billion manat compared to 11.921.2 billion manat in early August and 9.315 billion manat as of Sept.1, 2010.
The transaction money (M1) amounted to 7.885.5 billion manat as of Sept.1 compared to 7.679.8 billion manat as of early August and 5.803.9 billion manat as of Sept.1, 2010.
The official exchange rate is 0.7868 manat to $1 on Nov.4.