Money supply in Azerbaijan increases
BAKU, Azerbaijan, Feb. 28
By Eldar Janashvili - Trend:
The money supply rate (M2 - cash in circulation outside banks) amounted to over 17.9 billion manat ($10.5 billion) as of late January 2020, having increased by 28.5 percent compared to January 2019, Trend reports referring to Azerbaijan’s Central Bank.
The amount of Cash Money Supply (M0) increased by 27 percent to over 9.2 billion manat ($5.4 billion) and Broad Money Supply (M3) increased by 20.5 percent to over 28.5 billion manat ($16.7 billion).
Transaction money (M1) increased by 30 percent to 15.1 billion manat ($8.8 billion).
Parameters of monetary market, in million manat:
|
Monetary market parameters (in manat) |
Volume, January 2020 |
Volume, January 2020 |
|
Broad Money Supply (М3) |
28.5 billion ($16.7 billion) |
23.6 billion ($13.9 billion) |
|
Money mass in manat (М2) |
17.9 billion ($10.5 billion) |
13.9 billion ($8.2 billion) |
|
Transaction money (M1) |
15 billion ($8.8 billion) |
11.5 billion ($6.8 billion) |
|
Cash in manat (М0) |
9.2 billion ($5.4 billion) |
7.2 billion ($4.2 billion) |
|
Non-cash in manat |
8.6 billion ($5.1 billion) |
6.6 billion ($3.9 billion) |
(1 USD = 1.7 AZN on Feb. 28)
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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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