Baku, Azerbaijan, July 9
By Anvar Mammadov – Trend:
The money supply rate (M2) (cash in circulation outside banks) amounted to 12.6 billion manats as of late May 2018 increasing by 8.9 percent as compared to May 2017, Azerbaijan’s Central Bank said in a report.
The amount of cash money supply (M0) increased by 7.8 percent for the year up to 7.05 billion manats, and Broad Money Supply (M3) totaled 22.15 billion manats or by 6.2 percent more compared to late May 2017.
The transaction money (M1) increased by 15 percent during the year up to 10.27 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, May 2018 |
Volume, December 2017 |
Volume, May 2017 |
|
Money mass in extensive understating (М3) |
22 1451,1 |
22 772,1 |
20 856,4 |
|
Money mass in manat (М2) |
12 599,1 |
12 466,4 |
11 568,5 |
|
Transaction money (M1) |
10 273,6 |
10 544,2 |
8 930,5 |
|
Cash in manat (М0) |
7 053,5 |
7 490,3 |
6 538,3 |
|
Non-cash in manat |
5 545,6 |
4 976,1 |
5 030,2 |
M0 = cash in circulation (banknotes and coins)
M1 = M0 + demand deposits (including bank debit cards), balances in national currency in the accounts of non-financial institutions, financial (except credit) organizations.
M2 = M1 + fized-term deposits
M3 = M2 + savings deposits, government bonds.