Cashless calculations increase by 23 percent in Azerbaijan per year

Azerbaijan, Baku, Jan. 7 / Trend /

As of Jan.-Nov. 2012, 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) increased by 26.6 percent compared to the same period of 2011 and 15.02 percent compared to early 2013, the Azerbaijani Central Bank said today.

So, as of Dec. 1, 2012, the rate of M2 was 12.649.6 billion manat compared to 9.991.9 billion manat as of Dec. 1, 2011 and 10.997.2 billion manat as of early 2012.

The amount of cash money supply (M0) as of Dec. 1, 2012 hit 8.383.6 billion manat compared to 6.529.4 billion manat as of Dec. 1, 2012 and 7.158.2 billion manat as of Jan.1, 2012.

The cashless money supply increased from 3.462.5 billion manat to 4.266 billion manat per year, that is 23.2 percent.

As of Dec. 1, 2012, Broad Money Supply (M3) totaled 15.787.7 billion manat or 23.04 percent more compared to the same period of 2011 and by 13.5 percent compared to early 2012. The index hit 12.830.7 billion manat as of Dec. 1, 2011 and 13.903.2 billion manat as of early 2012.

The transaction money (M1) amounted to 10.100.5 billion manat as of Dec. 1, 2012 compared to 8.027.0 billion manat as of early Dec. 2011 and 8.824.8 billion manat as of early 2012.

Parameters of monetary market, in bln manat

The official exchange rate is 0,7847 AZN/USD on Jan. 7.