Baku, Azerbaijan, June 7
By Azad Hasanli – Trend:
In April 2018, cash in manat (M0) in Azerbaijan fell to an 11-month low of 6,919.3 million manats, according to a report of the Central Bank of Azerbaijan.
Such a sharp decline can be explained by the fact that since June 2018, the Central Bank has introduced a new 200-manat banknote. As a rule, part of the money in circulation is withdrawn before introducing a new bill into circulation. This is necessary to avoid possible negative consequences such as inflation or devaluation.
Accordingly, compared to the indicator for March, cash in manat in the country decreased by 484.9 million manats or 6.5 percent. Usually, the monthly change in the M0 index in Azerbaijan varies between 100-200 million manats.
As for other indicators, since early 2018, a growth was recorded in non-cash in manat (term deposits and demand deposits). The figure increased from 4,976.1 million to 5,505.8 million manats. All other indicators decreased during the reported period.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, April 2018 |
Volume, December 2017 |
Volume, April 2017 |
|
Money mass in extensive understating (М3) |
22 120 |
22 772,1 |
21 081,8 |
|
Money mass in manat (М2) |
12 425,1 |
12 466,4 |
11 610,1 |
|
Transaction money (M1) |
10 201 |
10 544,2 |
8 955,4 |
|
Cash in manat (М0) |
6 919,3 |
7 490,3 |
6 348,6 |
|
Non-cash in manat |
5 505,8 |
4 976,1 |
5 261,4 |
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