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Azerbaijan unveils money supply in national currency for October 2022

Finance Materials 29 November 2022 19:10 (UTC +04:00)
Azerbaijan unveils money supply in national currency for October 2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 29. The Money Supply Rate (М2) in Azerbaijan amounted to 28.7 billion manat ($16.88 billion) as of November 1, 2022, Trend reports citing the Central Bank of Azerbaijan.

According to the bank, this figure increased 6.12 billion manat ($3.6 billion) or 27.12 percent against the same period of 2021 (22.578 billion manat or $13.28 billion).

The cash money supply in circulation (M0) increased by 1.26 billion manat ($741.29 million) or 13.2 percent year over year – from 11.08 billion manat ($6.5 billion) to 12.5 billion manat ($7.35 billion).

Meanwhile, the broad money supply (M3) has risen by 8.7 billion manat ($5.1 billion) or 26.85 percent reaching 41.178 billion manat ($24.2 billion) against 32.46 billion manat ($19.09 billion) a year earlier.

The transaction money (M1) edged up by 5.2 billion manat ($3.059 billion) or 27.04 percent year over year – from 19.39 billion manat ($11.4 billion) to 24.636 billion manat ($14.49 billion).

Azerbaijan's money market parameters:

Parameters:

October 2022

October 2021

Broad Money Supply (М3)

41.178 billion manat ($24.2 billion)

32.46 billion manat ($19.09 billion)

Money Supply Rate (М2)

28.7 billion manat ($16.88 billion)

22.578 billion manat ($13.28 billion)

Transaction Money (М1)

24.636 billion manat ($14.49 billion)

19.39 billion manat ($11.4 billion)

Cash (М0)

12.5 billion manat ($7.35 billion)

11.08 billion manat ($6.5 billion)

Cashless

12.09 billion manat ($7.1 billion)

8.3 billion manat ($4.88 billion)

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