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Money supply increases by almost quarter in Azerbaijan

Business Materials 5 July 2013 16:23 (UTC +04:00)

Azerbaijan, Baku, July 5 / Trend E. Aliyev /

As of January-May 2013, 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 23.4 percent compared to the same period of 2012, the Azerbaijani Central Bank's statistics report said today.

So, as of January-May 2013, the rate of M2 was 14.138.2 billion manat compared to 11.456.7 billion manat in the same period of 2012, the report said.

The amount of cash money supply (M0) increased by 21.15 percent and hit 9.098.2 billion manat compared to 7.509.9 billion manat as of the same period of 2012.

As of January-May 2013, Broad Money Supply (M3) totaled 17.109.4 billion manat or 17.35 percent more compared to the same period of 2012 (14.579.5 billion manat).

The transaction money (M1) increased by 27.79 percent and amounted to 11.198.3 billion manat compared to 9.194.7 billion manat in January-May 2012.

Parameters of monetary market, in bln manat

 
Amount of June 1, 2013

Money mass in extensive understating (М3)

17109,4

Money mass on manat (М2)

14138,2

Cash in manat (М0)

9098,2

Non-cash in manat

5040,0

 

The official exchange rate is 0,7844 AZN/USD on July 5.

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