Baku, Azerbaijan, April 8
By Kheyraddin Nasirzade - Trend:
The money supply rate (M2) (cash in circulation outside banks) increased by 12.9 percent and amounted to 14.4 billion manats as of late February 2019 as compared to February 2018, Trend reports citing Azerbaijan’s Central Bank.
The amount of cash money supply (M0) increased by 0.23 percent to 7.33 billion manats and Broad Money Supply (M3) increased by 7.4 percent to 24.56 billion manats.
The transaction money (M1) increased by 14.66 percent to 11.96 billion manats.
Parameters of monetary market, in million manats:
|
Monetary market parameters |
Volume, February 2019 |
Volume, February 2018 |
|
Broad Money Supply (М3) |
24,560.3 |
22,868.1 |
|
Money mass in manat (М2) |
14,392.7 |
12,744.9 |
|
Transaction money (M1) |
11,963.6 |
10,434.4 |
|
Cash in manat (М0) |
7,328.5 |
7,311.7 |
|
Non-cash in manat |
7,064.2 |
5,433.2 |
(1 USD = 1.7 AZN on April 8)
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M0 = cash in circulation (banknotes and coins)
M1 = M0 + demand deposits (including bank debit cards), balances in national currency in the accounts of non-financial institutions, financial (except credit) organizations.
M2 = M1 + fixed-term deposits
M3 = M2 + savings deposits, state bonds.
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