BAKU, Azerbaijan, Oct. 31
By Eldar Janashvili - Trend:
The money supply rate (M2 - cash in circulation outside banks) amounted to over 16.2 billion manat ($9.5 billion) as of late September 2019, having increased by 20.1 percent compared to September 2018, Trend reports referring to Azerbaijan’s Central Bank.
The amount of Cash Money Supply (M0) increased by 24.7 percent to over 8.5 billion manat ($5 billion) and Broad Money Supply (M3) increased by 14.7 percent to over 26.5 billion manat ($15.6 billion).
Transaction money (M1) increased by 21.4 percent to over 13.5 billion manat ($7.9 billion).
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, September 2019 |
Volume, September 2019 |
|
Broad Money Supply (М3) |
26,550.6 |
23,146.4 |
|
Money mass in manat (М2) |
16,217.4 |
13,498.9 |
|
Transaction money (M1) |
13,485.8 |
11,108.1 |
|
Cash in manat (М0) |
8,578.7 |
6,878.4 |
|
Non-cash in manat |
7,638.7 |
6,620.5 |
(1 USD = 1.7 AZN on Oct. 31)
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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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