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Cash in circulation up in Azerbaijan

Business Materials 12 April 2018 17:57 (UTC +04:00)

Baku, Azerbaijan, April 12

By Ilkin Shafiyev – Trend:

The money supply rate (M2) (cash in circulation outside banks) amounted to 12.74 billion manats as of late February 2018 increasing by 18.40 percent as compared to February 2017, Azerbaijan’s Central Bank said in a report.

The amount of cash money supply (M0) increased by 22 percent for the year up to 7.31 billion manats, and Broad Money Supply (M3) totaled 22.87 billion manats or by 13.48 percent more compared to late February 2017.

The transaction money (M1) increased by 26.63 percent during the year up to 10.43 billion manats.

Parameters of monetary market, in million manats:

Monetary market parameters

Volume, February 2018

Volume, December 2017

Volume, February 2017

Money mass in extensive understating (М3)

22,868.1

22,772.1

20,151.2

Money mass in manat (М2)

12,744.9

12,466.4

10,764

Cash in manat (М0)

7,311.7

7,490.3

5,993.2

Non-cash in manat

5,433.2

4,976.1

4,770.8

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