Azerbaijan, Baku, Oct. 22 / Trend /
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 11.1 percent during eight months of 2012 and 27.7 percent compared to Jan.-Aug. 2011, CBA said today.
So, as of Sept. 1, 2012, the rate of M2 was 12.218.3 billion manat compared to 9.569.8 billion manat as of Sept. 1, 2011 and 10.997.2 billion manat as of early 2012.
The amount of cash money supply (M0) as of Sept. 1, 2012 hit 8.134.6 billion manat compared to 6.493.7 billion manat as of Sept. 1, 2012 and 7.158.2 billion manat as of Jan.1, 2012.
As of Sept. 1, 2012, Broad Money Supply (M3) totaled 15.003 billion manat compared to 12.336.2 billion manat as of Sept. 1, 2011 and 13.903.2 billion manat as of early 2012.
The transaction money (M1) amounted to 9.913.6 billion manat as of Sept. 1, 2012 compared to 7.885.5 billion manat as of early Sept. 2011 and 8.824.8 billion manat as of early 2012.
Parameters of monetary market, in mln manat
|
Amount as of Sept. 1, 2012 |
|
|
Money mass in extensive understating (М3) |
15003,0 |
|
Money mass on manat (М2) |
12218,3 |
|
Cash in manat (М0) |
8134,6 |
|
Non-cash in manat |
4083,7 |
The official exchange rate is 0,785 AZN/USD on Oct. 22.