...

Money supply up in Azerbaijan

Finance Materials 30 August 2019 15:35 (UTC +04:00)

Baku, Azerbaijan, Aug. 30

By Eldar Janashvili - Trend:

The money supply rate (M2) (cash in circulation outside banks) amounted to 16.18 billion manats as of late July 2019, having increased by 21 percent compared to July 2018, Trend reports referring to Azerbaijan’s Central Bank.

The amount of cash money supply (M0) increased by 16.2 percent to 8.58 billion manats and Broad Money Supply (M3) increased by 12.8 percent to 25.64 billion manats.

The transaction money (M1) increased by 22.5 percent to 13.52 billion manats.

Parameters of monetary market, in million manats:

Monetary market parameters

Volume,

July2019

Volume,

July2018

Broad Money Supply (М3)

25,642.3

22,728

Money mass in manat (М2)

16,182.2

13,347.2

Transaction money (M1)

13,520.4

11,036.9

Cash in manat (М0)

8,576.8

7,381.4

Non-cash in manat

7,605.4

5,965.9

(1 USD = 1.7 AZN on Aug. 30)

---

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.

---

Follow the author on Twitter: @eldarjanashvili

Tags:
Latest

Latest