Baku, Azerbaijan, Jan. 15
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 12.04 billion manats in November 2017 increasing by 4.2 percent within the month and by 10.1 percent within the year, the Azerbaijani Central Bank said in a report.
The amount of cash money supply (M0) increased by 22.6 percent for the year from 5.83 billion manats to 7.15 billion manats.
As of November 2017, Broad Money Supply (M3) totaled 21.52 billion manats or by 6.2 percent more compared to November 2016 and by 0.3 percent more than in late October 2017.
The transaction money (M1) increased by 20.5 percent during the year and by 4 percent as compared to late October 2017 and amounted to 10.11 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, November 2017 |
|
Money mass in extensive understating (М3) |
21,517.9 |
|
Money mass on manat (М2) |
12,044.7 |
|
Cash in manat (М0) |
7,149.8 |
|
Non-cash in manat |
4,894.9 |
(1.7001 AZN = 1 USD on Jan. 15)