BAKU, Azerbaijan, April 29. As of April 1, 2024, Azerbaijan's Money Supply Rate (M2) increased by 4.76 billion manat ($2.78 billion), or 18.08 percent, compared to the same period last year (from 29.7 billion manat, or $17.47 billion, to 34.45 billion manat, or $20.26 billion), Trend reports.
According to data from the Central Bank of Azerbaijan (CBA), the
cash supply in circulation (M0) increased by 1.74 billion manat, or
$1.03 billion (12.76 percent), from 13.69 billion manat ($8.05
billion) to 15.43 billion manat ($9.08 billion), and the broad
money supply (M3) increased by 3.75 billion manat, or $2.2 billion
(9.13 percent), to 44.83 billion manat, or $26.2 billion.
Annual transaction money (M1) increased by 3.4 billion manat, or
1.99 billion (13.41 percent), from 25.3 billion manat ($14.9
billion) to 28.7 billion manat ($16.9 billion).
Azerbaijan's money market parameters:
|
Parameters: |
Volume (as of April 1, 2024) |
Volume (as of April 1, 2023) |
|
Broad Money Supply (М3) |
44.83 billion manat ($26.2 billion) |
41.08 billion manat ($24.01 billion) |
|
Money Supply Rate (М2) |
34.45 billion manat ($20.26 billion) |
29.7 billion manat ($17.47 billion) |
|
Transaction Money (М1) |
28.7 billion manat ($16.9 billion) |
25.3 billion manat ($14.88 billion) |
|
Cash (М0) |
15.43 billion manat ($9.08 billion) |
13.69 billion manat |
|
Cashless |
13.26 billion manat ($7.75 billion) |
11.6 billion manat ($6.8 billion) |
To note, as of January 1, 2024, the M3 indicator amounted to 45.07 billion manat ($26.5 billion), M2 - 34.2 billion manat ($20 billion), M1 - 29.67 billion manat ($17.4 billion), and M0 - 13.8 billion manat ($8 billion).
