Baku, Azerbaijan, July 2
By Kheyraddin Nasirzade - Trend:
As of late May 2019, the money supply rate (M2) (cash in circulation outside banks) increased by 22.9 percent compared to May 2018 and amounted to 15.49 billion manats Trend reports referring to Azerbaijan’s Central Bank.
The amount of cash money supply (M0) increased by 15.6 percent to 8.15 billion manats and Broad Money Supply (M3) increased by 12.1 percent to 24.83 billion manats.
The transaction money (M1) increased by 25.73 percent to 12.92 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, May 2019 |
Volume, May 2018 |
|
Broad Money Supply (М3) |
24,834.0 |
22,145.1 |
|
Money mass in manat (М2) |
15,491.8 |
12,599.1 |
|
Transaction money (M1) |
12,917.2 |
10,273.6 |
|
Cash in manat (М0) |
8,151.2 |
7,053.5 |
|
Non-cash in manat |
7,340.6 |
5,545.5 |
(1 USD = 1.7 AZN on July 2)
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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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