Baku, Azerbaijan, Dec. 12
By Anvar Mammadov – Trend:
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 11.55 billion manats in October 2017 increasing by 0.8 percent for the month and by 8.1 percent for the year, the Azerbaijani Central Bank said in a report.
The amount of cash money supply (M0) increased by 23.5 percent for the year from 5.74 billion manats to 7.09 billion manats.
As of October 2017, Broad Money Supply (M3) totaled 21.45 billion manats or by 6.6 percent more compared to October 2016 and by 1.5 percent more than in late September 2017.
The transaction money (M1) increased by 19.1 percent for the year and decreased by 0.8 percent in October 2017 and amounted to 9.72 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, October 2017 |
|
Money mass in extensive understating (М3) |
21,449.6 |
|
Money mass on manat (М2) |
11,546.7 |
|
Cash in manat (М0) |
7,089.8 |
|
Non-cash in manat |
4,456.9 |
(1.7 AZN = $1 on Dec. 12)