Baku, Azerbaijan, Feb. 5
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 12.47 billion manats as of late December 2017 increasing by 3.6 percent within the month and by 8 percent within the year, the Azerbaijani Central Bank said in a report.
The amount of cash money supply (M0) increased by 17.4 percent for the year from 6.38 billion manats to 7.49 billion manats.
As of late December 2017, Broad Money Supply (M3) totaled 22.77 billion manats or by 9 percent more compared to late December 2016 and by 5.8 percent more than in late November 2017.
The transaction money (M1) increased by 17.6 percent during the year and by 4.3 percent as compared to late November 2017 and amounted to 10.54 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, December 2017 |
|
Money mass in extensive understating (М3) |
22,772.1 |
|
Money mass on manat (М2) |
12,466.4 |
|
Cash in manat (М0) |
7,490.3 |
|
Non-cash in manat |
4,976.1 |
(1.7001 manats = 1 USD on Feb. 5)