Baku, Azerbaijan, Oct. 1
By Eldar Janashvili - Trend:
The money supply rate (M2 - cash in circulation outside banks) amounted to 15.95 billion manats as of late August 2019, having increased by 23.9 percent compared to August 2018, Trend reports referring to Azerbaijan’s Central Bank.
The amount of Cash Money Supply (M0) increased by 23.7 percent to 8.54 billion manats and Broad Money Supply (M3) increased by 13.6 percent to 25.48 billion manats.
Transaction money (M1) increased by 24.8 percent to 13.23 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, Augut 2019 |
Volume, August 2019 |
|
Broad Money Supply (М3) |
25,482.7 |
22,431.6 |
|
Money mass in manat (М2) |
15,948.6 |
12,875.4 |
|
Transaction money (M1) |
13,227.4 |
1,0601.8 |
|
Cash in manat (М0) |
8,542.7 |
6,905.6 |
|
Non-cash in manat |
7,406 |
5,969,9 |
(1 USD = 1.7 AZN on Oct. 1)
---
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