BAKU, Azerbaijan, September 27. The Money Supply Rate (М2) increased by 5.1 billion manat ($3 billion), or 18.74 percent, in Azerbaijan on September 1, 2023, compared to the same period last year (from 26.9 billion manat, or $15.8 billion, to 32 billion manat, or $18.8 billion), Trend reports.
According to the Central Bank of Azerbaijan (CBA), the cash supply in circulation (M0) increased by 2.4 billion manat, or $1.4 billion (20.01 percent) over the year—from 12.2 billion manat, or $7.2 billion, to 14.6 billion manat, or $8.6 billion—and the broad money supply (M3) increased by 2 billion manat, or $1.2 billion (5.24 percent), to 41.1 billion manat, or $24.2 billion (against 39.1 billion manat, or $23 billion a year earlier).
The transaction money (M1) per year increased by 3.9 billion manat, or 2.3 billion (16.86 percent), from 23.1 billion manat ($13.6 billion) to 26.9 billion manat ($15.8 billion).
Azerbaijan's money market parameters:
|
Parameters: |
August 2023 |
August 2022 |
|
Broad Money Supply (М3) |
41.1 billion manat ($24.1 billion) |
39.1 billion manat ($23 billion) |
|
Money Supply Rate (М2) |
32 billion manat ($18.8 billion) |
26.9 billion manat ($15.8 billion) |
|
Transaction Money (М1) |
26.9 billion manat ($15.8 billion) |
23.1 billion manat ($13.6 billion) |
|
Cash (М0) |
14.6 billion manat ($8.4 billion) |
12.2 billion manat ($7.2 billion) |
|
Cashless |
12.4 billion manat ($7.3 billion) |
10.9 billion manat ($6.4 billion) |