Azerbaijan, Baku, June 13 / Trend, N. Ismayilova /
The Central Bank of Azerbaijan (CBA) noted the increase in money supply (M2) (cash in circulation (outside banks) and remainders in the domestic currency on accounts of non-financial organizations, financial (excluding credit) organizations and phyiscal entities) by 0.8 percent in April and 28.8 percent compared to the same period of 2010, the CBA reported.
So, as of May 1, 2011, the rate of M2 was 8.176.4 billion manat compared to 8.115.5 billion manat as of early April and 6.347.7 billion manat as of May 1, 2010.
The amount of cash money supply (M0) as of May 1, 2011 hit 5.457.8 billion manat compared to 5.427.1 billion manat as of early April and 4.434.3 billion manat as of May 1, 2010.
As of early May, Broad Money Supply (M3) totaled 10.760.6 billion manat compared to 10.757.4 billion manat in early April and 8.735.5 billion manat as of May 1, 2010.
The transaction money (M1) amounted to 6.714.2 billion manat as of May 1 compared to 6.608.5 billion manat as of early April and 5.337.5 billion manat as of May 1, 2010.
The official exchange rate is 0.7882 manat to $1 on June 13.
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