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Cash in circulation in Azerbaijan up

Business Materials 4 October 2018 19:36 (UTC +04:00)

Baku, Azerbaijan, Oct. 4

By Taleh Mursagulov – Trend:

The money supply rate (M2) (cash in circulation outside banks) increased by almost 5 percent and amounted to 12.88 billion manats as of late August 2018 as compared to early 2018, Azerbaijan’s Central Bank said in a report.

The amount of cash money supply (M0) decreased by 7 percent to 6.9 billion manats and Broad Money Supply (M3) decreased by 5 percent to 22.88 billion manats.

The transaction money (M1) increased by 4 percent to 10.6 billion manats.

Parameters of monetary market, in million manats:

Monetary market parameters

Volume, August 2018

Volume, December 2017

Volume, August 2017

Money mass in general understating (М3)

22,431.6

22,772.1

20,556.3

Money mass in manat (М2)

12,875.4

12,466.4

11,137.5

Transaction money (M1)

10,601.8

10,544.2

9,402.4

Cash in manat (М0)

6,905.6

7,490.3

7,001.1

Non-cash in manat

5,969.9

4,976.1

4,136.4

______

(1.7 manats = $1 on Oct. 4)

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 + fixed-term deposits

M3 = M2 + savings deposits, state bonds.

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