Cash in circulation increases by 6% in Azerbaijan

Business Materials 28 November 2014 17:28 (UTC +04:00)

Baku, Azerbaijan, Nov. 28

By Azad Hasanli - Trend:

The money supply rate (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 15.7 percent in January-October 2014 compared to the same period of 2013, the Azerbaijani Central Bank's statistics report said.

The money supply rate (M2) amounted to 17.370 billion AZN as of October 1, 2014 compared to 15.018 billion AZN as of October 2013, according to the report.

The amount of cash money supply (M0) increased by 6 percent during a year and amounted to 10.306 billion AZN compared to 9.724 billion AZN as of early November 2013.

As of January-October 2014, Broad Money Supply (M3) totaled 21.372 billion AZN or 19.6 percent more compared to January-October 2013 (17.867 billion AZN).

The transaction money (M1) increased by 7.1 percent during a year and amounted to 12.681 billion AZN compared to 11.837 billion AZN as of October 2013.

Parameters of monetary market, in billion AZN:

Volume, Nov. 1, 2014

Money mass in extensive understating (М3)

21 372,1

Money mass on AZN (М2)


Cash in AZN (М0)


Non-cash in AZN


The official exchange rate is 0.7844 AZN/USD.

for any questions or feedback follow the author on Twitter: @AzadHasanli

edited by CN