BAKU, Azerbaijan, June 2
By Eldar Janashvili - Trend:
The Money Supply Rate (М2) in Azerbaijan made up nearly $16.5 billion manat ($9.7 billion) as of May 1, 2020, which is 10.1 percent more compared to the period as of May 1, 2019, Trend reports referring to the statistical bulletin of Central Bank of Azerbaijan (CBA).
According to the bulletin, the amount of Cash Money Supply (M0) increased by 11.9 percent to 8.7 billion manat ($5.1 billion), Broad Money Supply (M3) grew by 7.4 percent up to nearly 26.3 billion manat ($15.5 billion), and Transaction money (M1) - by 14.3 percent, up to 14.1 billion manat ($8.1 billion).
Parameters of monetary market:
|
Monetary market parameters |
Amount, April 2020 |
Amount, April 2019 |
|
Broad Money Supply (М3) |
26.29 billion manat ($15.46 billion) |
24.4 billion manat ($14.3 billion) |
|
Money Supply Rate (М2) |
16.48 billion manat ($9.69 billion) |
14.9 billion manat ($8.7 billion) |
|
Transaction money (M1) |
14.1 billion manat ($8.2 billion). |
12.3 billion manat ($7.2 billion) |
|
Cash (М0) |
8.7 billion manat ($5.1 billion) |
7.78 billion manat ($4.58 billion) |
|
Non-cash |
7.77 billion manat ($4.57 billion) |
7.1 billion manat ($4.1 billion) |
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.
(1 USD = 1.7 manat on June 2)
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