Baku, Azerbaijan, Dec. 7
By Azad Hasanli – Trend:
The money supply rate (M2) (cash in circulation outside banks) increased by almost 12.3 percent and amounted to almost 14 billion manats as of late October 2018 as compared to early 2018, Trend reports citing Azerbaijan’s Central Bank.
The amount of cash money supply (M0) decreased by 5.16 percent to 7.12 billion manats and Broad Money Supply (M3) increased by 3.6 percent to 23.59 billion manats.
The transaction money (M1) increased by 10.14 percent to 11.6 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, October 2018 |
Volume, December 2017 |
Volume, October 2017 |
|
Money mass in general understating (М3) |
23,590.7 |
22,772.1 |
21,449.6 |
|
Money mass in manat (М2) |
13,995.9 |
12,466.4 |
11,546.7 |
|
Transaction money (M1) |
11,613.4 |
10,544.2 |
9,718.6 |
|
Cash in manat (М0) |
7,122.7 |
7,490.3 |
7,089.8 |
|
Non-cash in manat |
6,873.1 |
4,976.1 |
4.457 |
(1.7 manats = $1 on Dec. 7)
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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