BAKU, Azerbaijan, May 20
By Ilkin Seyfaddini - Trend:
In Uzbekistan, money supply in M2 definition increased by 3.39 percent in period from January through April, 2020 (compared to the same period of 2019), including a 4.86 percent increase in April 2020, Trend reports with reference to News of Uzbekistan online newspaper.
As of May 1, the total money supply amounted to almost 94.8 trillion soum ($9.3 billion), the report says.
M2 money supply includes cash in circulation (outside the banking system), savings and term deposits in the national currency of other financial organizations, public non-financial organizations, private sector and individuals, the report says.
Money supply in the national currency of Uzbekistan increased by 4.56 percent for the first four months of 2020, including the increase by 3.28 percent in April, and slightly exceeded 65.6 trillion soum ($6.4 billion).
Meanwhile, the money supply in M1 definition increased by 3.47 percent in period from January through April, 2020, and increased by 4,02 percent to 44.1 trillion soum in April 2020 ($4.3 billion).
M1 indicator includes cash in circulation and transferable deposits in national currency.
In particular, cash in circulation increased by 5.9 percent during the period from January through April, 2020, while growing by 7.65 percent in April to 25.7 trillion soum ($2.5 billion); transferable deposits in national currency increased by 0.25 percent and decreased by 0.65 percent respectively to 18.5 trillion soum ($1.8 billion), the report says.
The volume of other deposits in national currency increased by 6.8 percent for the first four months of 2020, and by 1.79 percent to 21.5 trillion soum ($2.1 billion) in April.
At the same time, deposits in foreign currency have increased for the first four months of 2020, including an increase by 8.6 percent to 29.2 trillion soum ($2.8 billion) for April 2020.