Baku, Azerbaijan, Jan. 3
By Taleh Mursagulov – Trend:
The money supply rate (M2) (cash in circulation outside banks) increased by almost 17.31 percent and amounted to almost 14.13 billion manats as of late November 2018 as compared to early 2018, Trend reports citing Azerbaijan’s Central Bank.
The amount of cash money supply (M0) increased by 2.23 percent to 7.3 billion manats and Broad Money Supply (M3) increased by 10.27 percent to 23.727 billion manats.
The transaction money (M1) increased by 16.25 percent to 11.747 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, November 2018 |
Volume, December 2017 |
Volume, November 2017 |
|
Money mass in general understating (М3) |
23,727.5 |
22,772.1 |
21,449.6 |
|
Money mass in manat (М2) |
1,4130 |
12,466.4 |
11,546.7 |
|
Transaction money (M1) |
11,747.2 |
10,544.2 |
9,718.6 |
|
Cash in manat (М0) |
7,309.1 |
7,490.3 |
7,089.8 |
|
Non-cash in manat |
6,820.9 |
4,976.1 |
4,895.3 |
______
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.
(1.7 manats = $1 on Jan. 3)
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