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Money supply up in Azerbaijan

Finance Materials 1 February 2019 21:17 (UTC +04:00)

Baku, Azerbaijan, Feb. 1

By Azad Hasanli – Trend:

Money Supply (M2) increased in Azerbaijan by 17.5 percent and amounted to almost 14.64 billion manats as of late 2018 as compared to early 2018, Trend reports citing Azerbaijan’s Central Bank.

Cash Money Supply (M0) increased 1.5 percent to 7.6 billion manats and Broad Money Supply (M3) increased 5.66 percent to 23.727 billion manats.

Transaction Money Supply (M1) increased 16.4 percent to 12.27 billion manats.

December 2018, in million manats

December 2017, in million manats

Broad Money Supply (M3)

24,060.4

22,772.1

Money Supply (M2) in manat

14,643.6

12,466.4

Transaction Money Supply (M1)

12,274.6

10,544.2

Cash Money Supply (M0) in manat

7,601.4

7,490.3

Non-Cash Money Supply in manat

7,042.3

4,976.1

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M0 = cash in circulation (banknotes and coins)

M1 = M0 + demand deposits (including debit cards), national currency balances of non-financial institutions, financial (except credit) organizations

M2 = M1 + fixed-term deposits

M3 = M2 + savings deposits, state bonds

(1.7 AZN = 1 USD on Feb. 1)

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Follow the author on Twitter: @Hasanli_Azad

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