BAKU, Azerbaijan, June 29
By Zeyni Jafarov – Trend:
The Money Supply Rate (М2) in Azerbaijan made up 21.6 billion manat ($12.7 billion) in May 2021, which is 27 percent more compared to May 2020, Trend reports referring to the statistical bulletin of Central Bank of Azerbaijan (CBA).
According to the CBA, on an annual basis, the amount of Cash Money Supply (M0) increased by 18.3 percent up to 10.65 billion manat ($6.26 billion), Broad Money Supply (M3) - by 14.4 percent to 30.46 billion manat ($17.9 billion), and Transaction money (M1) - by 26.6 percent, up to 18.73 billion manat ($11 billion).
|
Parameters: |
Amount, May 2021 |
Amount, May 2020 |
|
Broad Money Supply (М3) |
30.46 billion manat ($17.9 billion) |
26.63 billion manat ($15.66 billion) |
|
Money Supply Rate (М2) |
21.6 billion manat ($12.7 billion) |
17.02 billion manat ($10.01 billion) |
|
Transaction money (M1) |
18.73 billion manat ($11 billion) |
14.8 billion manat ($8.7 billion) |
|
Cash (М0) |
10.65 billion manat ($6.26 billion) |
9 billion manat ($5.3 billion) |
|
Non-cash |
10.95 billion manat ($6.44 billion) |
8 billion manat ($4.7 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 June 29)
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