BAKU, Azerbaijan, Dec. 28
By Nazrin Israfilova – Trend:
The Money Supply Rate (М2) in Azerbaijan has grown from January through November 2021, Trend reports referring to the Central Bank of the country (CBA).
According to the CBA, this figure amounted to 22.74 billion manat ($13.38 billion), up by 4.13 billion manat ($2.43 billion) or 22.18 percent compared to the first 11 months of 2020 (18.61 billion manat or $10.95 billion).
The cash money supply in circulation (M0) increased over the year by 691 million manat ($406.4 million) or 6.7 percent - from 10.1 billion manat or $5.9 billion (recorded in 11M2020) to 10.8 billion manat ($6.3 billion), the expanded money supply (M3) - by 5.8 billion manat ($3.4 billion) or 21.67 percent, up to 33 billion manat ($19.4 billion) against 27.14 billion manat ($15.96 billion) a year earlier.
Besides, the money supply for transactions (M1) for the year increased by 3.28 billion manat ($1.93 billion) or 20.21 percent - from 16.23 billion ($9.55 billion) to 19.51 billion manat ($11.48 billion).
Parameters of the money market in Azerbaijan:
|
Parameters: |
11M2021 |
11M2020 |
|
Broad Money Supply (М3) |
33 billion manat ($19.4 billion) |
27.14 billion manat ($15.96 billion) |
|
Money Supply Rate (М2) |
22.74 billion manat ($13.38 billion) |
18.61 billion manat ($10.95 billion) |
|
Transaction Money (М1) |
19.51 billion manat ($11.48 billion) |
16.23 billion ($9.55 billion) |
|
Cash (М0) |
10.8 billion manat ($6.3 billion |
10.1 billion manat or $5.9 billion |
|
Non-cash |
8.6 billion manat ($5 billion) |
6 billion manat ($3.5 billion) |
(1 USD = 1.7 AZN on Dec. 28)