BAKU, Azerbaijan, December 23. The Money Supply Rate (М2) in Azerbaijan amounted to 28.66 billion manat ($16.86 billion) as of December 1, 2022, Trend reports citing the Central Bank of Azerbaijan.
According to the bank, this figure increased by 5.92 billion manat ($3.4 billion) or 26.03 percent against the same period of 2021 (22.743 billion manat or $13,38 billion).
The cash money supply in circulation (M0) increased by 1.87 billion manat ($1.1 billion) or 17.27 percent year over year – from 10.85 billion manat ($6.3 billion) to 12.7 billion manat ($7.4 billion).
Meanwhile, the broad money supply (M3) has risen by 8.7 billion manat ($5.1 billion) or 26.34 percent reaching 41.732 billion manat ($24.5 billion) against 32.46 billion manat ($19.09 billion) a year earlier.
The transaction money (M1) decreased by 5.01 billion manat ($2.9 billion) or 25.72 percent year over year – from 19.5 billion manat ($11.4 billion) to 24.532 billion manat ($14.43 billion).
Azerbaijan's money market parameters:
|
Parameters: |
November 2022 |
November 2021 |
|
Broad Money Supply (М3) |
41.7 billion manat ($24.5 billion) |
33 billion manat ($19.4 billion) |
|
Money Supply Rate (М2) |
28.6 billion manat ($16.8 billion) |
22.7 billion manat ($13.3 billion) |
|
Transaction Money (М1) |
24.5 billion manat ($14.4 billion) |
19.5 billion manat ($11.4 billion) |
|
Cash (М0) |
12.7 billion manat ($7.4 billion) |
10.8 billion manat ($6.3 billion) |
|
Cashless |
11.8 billion manat ($6.9 billion) |
8.6 billion manat ($5.06 billion) |