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Money supply up in Azerbaijan

Finance Materials 7 June 2019 09:52 (UTC +04:00)

Baku, Azerbaijan, June 7

By Kheyraddin Nasirzade - Trend:

The money supply rate (M2) (cash in circulation outside banks) increased by 20.4 percent and amounted to 14.9 billion manats as of late April 2019 compared to April 2018, Trend reports referring to Azerbaijan’s Central Bank.

The amount of cash money supply (M0) increased by 12.5 percent to 7.78 billion manats and Broad Money Supply (M3) increased by 10.6 percent to 24.47 billion manats.

The transaction money (M1) increased by 20.97 percent to 12.34 billion manats.

Parameters of monetary market, in million manats:

Monetary market parameters

Volume,

April 2019

Volume,

April 2019

Broad Money Supply (М3)

24,473.4

22,120.0

Money mass in manat (М2)

14,965.3

12,425.1

Transaction money (M1)

12,340.3

10,201.0

Cash in manat (М0)

7,780.8

6,919.3

Non-cash in manat

7,184.5

5,505.8

(1 USD = 1.7 AZN on June 7)

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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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Follow the author on Twitter: @1nasirzade

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