BAKU, Azerbaijan, June 28. Azerbaijan's money supply in manat terms (M2) grew by 4 billion manat ($2.3 billion), or 13.31 percent year-on-year (from 30.3 billion ($17.8 billion) to 34.4 billion manat ($20.2 billion) as of June 1, 2024, Trend reports.
According to the Central Bank of Azerbaijan (CBA), the cash supply in circulation (M0) increased by 1.4 billion manat ($823 million) (10.38 percent) over the year, from 13.9 billion ($8.1 billion) to 15.4 billion manat ($9 billion), while the broad money supply (M3) increased by 3.4 billion manat ($2 billion) (8.4 percent) to 44.8 billion manat ($26.3 billion) (against 41.3 billion manat ($24.3 billion) a year earlier).
However, the money supply for transactions (M1) increased by 2.3 billion manat ($1.3 billion) (9.01 percent) to 28 billion manat ($16.4 billion) from 25.7 billion manat ($15.1 billion).
| Money market parameters | Volume (as of June 1, 2024) | Volume (as of June 1, 2023) |
| Broad Money Supply (М3) | 44.8 billion manat ($26.3 billion) | 41.3 billion manat ($24.3 billion) |
| Money Supply Rate (М2) | 34.4 billion manat ($20.2 billion) | 30.3 billion manat ($17.8 billion) |
| Transaction Money (М1) | 28 billion manat ($16.4 billion) | 25.7 billion manat ($15.1 billion) |
| Cash (М0) | 15.4 billion manat ($9 billion) | 13.9 billion manat ($8.1 billion) |
| Cashless | 12.6 billion manat ($7.4 billion) | 11.7 billion manat ($6.8 billion) |
To note, the indicator M3 amounted to 45 billion manat ($26.4 billion), M2 - 34.2 billion manat ($20.1 billion), M1 - 29.6 billion manat ($17.4 billion), and M0 - 13.8 billion manat ($8.1 billion) as of January 1, 2024.
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