BAKU, Azerbaijan, Feb.23
By Zeyni Jafarov – Trend:
The Money Supply Rate (М2) in Azerbaijan made up nearly 19.49 billion manat ($11.46 billion) in January 2021, which is 8.6 percent more compared to Jan.2020, 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 11.5 percent up to 10.33 billion manat ($6.07 billion), Broad Money Supply (M3) dropped by 1.5 percent to 28.11 billion manat ($16.53 billion), and Transaction money (M1) grew by 12.2 percent, up to 16.94 billion manat ($9.96 billion).
Parameters of the monetary market:
|
Parameters: |
Amount, Jan. 2021 |
Amount, Jan. 2020 |
|
Broad Money Supply (М3) |
28.11 billion manat ($16.53 billion) |
28.53 billion manat ($16.78 billion) |
|
Money Supply Rate (М2) |
19.49 billion manat ($11.46 billion) |
17.94 billion manat ($10.55 billion) |
|
Transaction money (M1) |
16.94 billion manat ($9.96 billion) |
15.09 billion manat ($8.87 billion) |
|
Cash (М0) |
10.33 billion manat ($6.07 billion) |
9.26 billion manat ($5.44 billion) |
|
Non-cash |
9.15 billion manat ($5.38 billion) |
8.67 billion manat ($5.1 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 AZN on Feb.23)
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