BAKU, Azerbaijan, Dec. 1
By Eldar Janashvili - Trend:
The money supply rate (M2 - cash in circulation outside banks) amounted to over 16.3 billion manat ($9.6 billion) as of late October 2019, having increased by 16.7 percent compared to October 2018, Trend reports referring to Azerbaijan’s Central Bank.
The amount of Cash Money Supply (M0) increased by 22 percent to over 8.7 billion manat ($5.1 billion) and Broad Money Supply (M3) increased by 12.1 percent to over 26.4 billion manat ($15.5 billion).
Transaction money (M1) increased by 16.9 percent to over 13.6 billion manat ($8 billion).
Parameters of monetary market, in million manat:
|
Monetary market parameters |
Volume, October 2019 |
Volume, October 2019 |
|
Broad Money Supply (М3) |
24,060.4 |
23,590.7 |
|
Money mass in manat (М2) |
16.339 |
13,995.9 |
|
Transaction money (M1) |
13,579.9 |
11,613.4 |
|
Cash in manat (М0) |
8,693.8 |
7,122.7 |
|
Non-cash in manat |
7,645.2 |
6,873.2 |
(1 USD = 1.7 AZN on Dec. 1)
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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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