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Azerbaijan's money supply notably up in 2020

Finance Materials 27 January 2021 10:26
Azerbaijan's money supply notably up in 2020

BAKU, Azerbaijan, Jan.27

By Zeyni Jafarov – Trend:

The Money Supply Rate (М2) in Azerbaijan made up 20.3 billion manat ($11.9 billion) as of late 2020, which is 11.3 percent more compared to late 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 10.77 billion manat ($6.34 billion), Broad Money Supply (M3) grew by 1.1 percent up to 29.18 billion manat ($17.16 billion), and Transaction money (M1) - by 16 percent, up to 17.86 billion manat ($10.5 billion).

Parameters of the monetary market:

Parameters:

Amount, 2020

Amount, 2019

Broad Money Supply (М3)

29.18 billion manat ($17.16 billion)

28.8 billion manat ($16.9 billion)

Money Supply Rate (М2)

20.3 billion manat ($11.9 billion)

18.2 billion manat ($10.7 billion)

Transaction money (M1)

17.86 billion manat ($10.5 billion)

15.39 billion manat ($9 billion)

Cash (М0)

10.77 billion manat ($6.34 billion)

9.5 billion manat ($5.6 billion)

Non-cash

9.53 billion manat ($5.6 billion)

8.73 billion manat ($5.14 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 AZN on Jan.27)

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