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Cash in circulation increases in Azerbaijan

Business Materials 9 November 2017 15:51 (UTC +04:00)

Baku, Azerbaijan, Nov. 9

By Anvar Mammadov – Trend:

The amount of cash money supply (M0) increased by 24.8 percent for the year from 5.68 billion manats to 7.09 billion manats, the Azerbaijani Central Bank said in a report.

M0 increased by 1.3 percent compared to the previous month.

The money supply rate (M2) (cash in circulation (outside banks) and remainders in the national currency on accounts of non-financial organizations, financial organizations (excluding credit organizations and individuals) amounted to 11.46 billion manats in September 2017 increasing by 2.9 percent for the month and by 14.9 percent for the year.

As of September 2017, Broad Money Supply (M3) totaled 21.13 billion manats or by 5 percent more compared to September 2016 and by 2.8 percent more than in late August 2017.

The transaction money (M1) increased by 17.4 percent for the year and by 4.3 percent in September 2017 and amounted to 9.8 billion manats.

Parameters of monetary market, in million manats:

Monetary market parameters

Volume, September 2017

Money mass in extensive understating (М3)

21,133.7

Money mass on manat (М2)

11,464.5

Cash in manat (М0)

7,092.3

Non-cash in manat

2,708.4

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