Baku, Azerbaijan, Aug. 7
By Sara Israfilbayova - Trend:
As of late June 2019, the money supply rate (M2) (cash in circulation outside banks) increased by 18 percent compared to June 2018 and amounted to 15.83 billion manats, Trend reports referring to Azerbaijan's Central Bank.
The amount of cash money supply (M0) increased by 14.3 percent to 8.38 billion manats and Broad Money Supply (M3) increased by 10.3 percent to 25.28 billion manats.
The transaction money (M1) increased by 19.6 percent to 13.25 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, June 2019 |
Volume, June 2018 |
|
Broad Money Supply (М3) |
25 284,2 |
22 683,6 |
|
Money mass in manat (М2) |
15 834,3 |
12 984,7 |
|
Transaction money (M1) |
13 250,5 |
10 656,1 |
|
Cash in manat (М0) |
8 376,3 |
7 173,8 |
|
Non-cash in manat |
7 458,1 |
5 810,9 |
(1 USD = 1.7 AZN on Aug. 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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