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Azerbaijan's money supply rate grows higher in 7M2021

Finance Materials 25 August 2021 13:38 (UTC +04:00)

BAKU, Azerbaijan, Aug.25

By Zeyni Jafarov - Trend:

The Money Supply Rate (М2) in Azerbaijan has grown from January to July 2021, Trend reports referring to the statistics bulletin of Central Bank of Azerbaijan (CBA).

According to the CBA, this showing amounted to 21.84 billion manat ($12.85 billion), up 21.8 percent on annual basis.

In the first seven months of this year, the amount of Cash Money Supply (M0) increased by 13.6 percent up to 11.05 billion manat ($6.5 billion) compared to the same period of 2020, Broad Money Supply (M3) - by 18 percent to 31.5 billion manat ($18.5 billion), and Transaction money (M1) ­- by 20.6 percent, up to 18.79 billion manat ($11 billion).

Parameters:

Amount, from January to July 2021

Amount, from January to July 2020

Broad Money Supply (М3)

31.5 billion manat ($18.5 billion)

26.7 billion manat ($15.7 billion)

Money Supply Rate (М2)

21.84 billion manat ($12.85 billion)

17.9 billion manat ($10.5 billion)

Transaction Money (М1)

18.79 billion manat ($11 billion)

15.5 billion manat ($9.1 billion)

Cash (М0)

11.05 billion manat ($6.5 billion)

9.7 billion manat ($5.7 billion)

Non-cash

10.7 billion manat ($6.3 billion)

8.2 billion manat ($4.8 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 Aug.25)

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