BAKU, Azerbaijan, October 25. The Money Supply Rate (М2) increased by 5.2 billion manat ($3.06 billion), or 18.64 percent, in Azerbaijan as of October 1, 2023, compared to the same period last year (from 27.9 billion manat, or $16.4 billion, to 33.18 billion manat, or $19.5 billion), Trend reports.
The data from the Central Bank of Azerbaijan (CBA) revealed that the cash supply in circulation (M0) grew by 2.4 billion manat, or $1.4 billion (20.01 percent) over the year - from 12.16 billion manat, or $7.1 billion, to 14.7 billion manat, or $8.6 billion, and the broad money supply (M3) increased by 1.8 billion manat, or $1.06 billion (4.67 percent), to 42 billion manat, or $24.7 billion (against 40.1 billion manat, or $23.59 billion a year earlier).
The transaction money (M1) per year increased by 4.16 billion manat, or 2.45 billion (17.55 percent), from 23.7 billion manat ($13.9 billion) to 27.8 billion manat ($16.3 billion).
Azerbaijan's money market parameters:
|
Parameters: |
Volume (as of late September 2023) |
Volume (as of late September 2022) |
|
Broad Money Supply (М3) |
42 billion manat ($24.7 billion) |
40.1 billion manat ($23.59 billion) |
|
Money Supply Rate (М2) |
33.18 billion manat ($19.5 billion) |
27.9 billion manat ($16.4 billion) |
|
Transaction Money (М1) |
27.8 billion manat ($16.3 billion) |
23.7 billion manat ($13.9 billion) |
|
Cash (М0) |
14.7 billion manat ($8.6 billion) |
12.3 billion manat ($7.2 billion) |
|
Cashless |
13.1 billion manat ($7.7 billion) |
11.4 billion manat ($6.7 billion) |