BAKU, Azerbaijan, Jan. 30
By Eldar Janashvili - Trend:
Azerbaijan's money supply rate (M2 - cash in circulation outside banks) amounted to 18.2 billion manat ($10.7 billion) as of late December 2019, having increased by 24.5 percent compared to December 2018, Trend reports referring to the country’s Central Bank.
The amount of Cash Money Supply (M0) increased by 25 percent to 9.5 billion manat ($5.6 billion) and Broad Money Supply (M3) increased by 20 percent to 28.9 billion manat ($17 billion).
Transaction money (M1) increased by 25.4 percent to 15.4 billion manat ($9 billion).
Parameters of monetary market:
|
Monetary market parameters (in manat) |
Volume, December 2019 |
Volume, December 2018 |
|
Broad Money Supply (М3) |
28.9 billion ($17 billion) |
24.1 billion ($14.2 billion) |
|
Money mass in manat (М2) |
18.2 billion ($10.7 billion) |
14.6 billion ($8.6 billion) |
|
Transaction money (M1) |
15.4 billion ($9 billion) |
12.3 billion ($7.2 billion) |
|
Cash in manat (М0) |
9.5 billion ($5.6 billion) |
7.6 billion ($4.5 billion) |
|
Non-cash in manat |
8.7 billion ($5.1 billion) |
7.1 billion ($4.2 billion) |
(1 USD = 1.7 AZN on Jan. 30)
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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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