On the results of the seven months of the current year the monetary resources (reserve money) reduced for 194,1 billion manats or by 4,66% and were 3974 billion manats. The reserve money in AZM were 3354,8 billion AZM, which indicates the growth of their volume as compared to the start of the year by 4,831%, the National Bank of Azerbaijan (NBA) told Trend.
By the state on 1 August of the current year the volume of money in circulation was 3134.8 billion AZM, with the growth index for seven months by 13,554%. Thus, the specific weight of money in circulation grew from 82,2% to 87,19%.
|
01.08.2004 |
01.01.2005 |
01.08.2005 | |
|
1. Reserve money (3+4+7) |
3104.4 |
4168.1 |
3974 |
|
2. Reserve money in manats (3+5.1+6.1+7) |
2857.1 |
3200.2 |
3598.1 |
|
3. Money in circulation |
2331.9 |
2631 |
3134.8 |
|
4. Bank reserves (5+ 6) |
772.5 |
1537 |
839.2 |
|
5. Correspondent accounts (5.1+5.2) 5.1. in AZM 5.2. in foreign currency |
455.6 443 12.6 |
1091.1 470.8 620.3 |
466.8 463.3 3.5 |
|
6. obligatory reserves (6.1+6.2) 6.1. in AZM 6.2. in foreign currency |
316.9 82.2 234.7 |
445.9 98.3 347.7 |
372.4 0 372.4 |
|
7. Other deposits |
0 |
0 |
0 |
The growth of the monetary means beyond the bank system was 11,9%, the growth of cash money in banks will be 29,8%. In the structure of money in circulation the cash grew from 9,2% to 10,5%.
Thus, the money grew in July in accordance with the main lines of the monetary policy. Considerable changes in the structure of monetary aggregates also took place. For this period the process of the money multiplication activated, which shows, that the banking system reflects reaction to the macroeconomic dynamics.