BAKU, Azerbaijan, Aug. 27
By Eldar Janashvili – Trend:
The Money Supply Rate (М2) in Azerbaijan made up 17.9 billion manats ($10.5 billion) as of late July 2020, which is a 10.8 percent increase in comparison to the same period of 2019, Trend reports referring to the statistical bulletin of Central Bank of Azerbaijan (CBA).
According to the bank, the amount of Cash Money Supply (M0) increased by 13.4 percent to 9.7 billion manats ($5.7 billion), Broad Money Supply (M3) grew by 4.2 percent up to 26.7 billion manats ($15.7 billion), and Transaction money (M1) - by 15.2 percent, up to 15.5 billion manats ($9.1 billion).
Parameters of monetary market:
|
Parameters: |
Amount, July 2020 |
Amount, July 2019 |
|
Broad Money Supply (М3) |
26.7 billion manat ($15.7 billion) |
25.6 billion manat ($15 billion) |
|
Money Supply Rate (М2) |
17.9 billion manat ($10.5 billion) |
16.1 billion manat ($9.4 billion) |
|
Transaction money (M1) |
15.5 billion manat ($9.1 billion) |
13.5 billion manat ($7.9 billion) |
|
Cash (М0) |
9.7 billion manat ($5.7 billion) |
8.5 billion manat ($5 billion) |
|
Non-cash |
8.2 billion manat ($4.8 billion) |
7.6 billion manat ($4.4 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 Aug. 27)