BAKU, Azerbaijan, Dec. 30
By Eldar Janashvili - Trend:
The money supply rate (M2 - cash in circulation outside banks) amounted to over 16.6 billion manat ($9.8 billion) as of late November 2019, having increased by 17.9 percent compared to November 2018, Trend reports referring to Azerbaijan’s Central Bank.
The amount of Cash Money Supply (M0) increased by 20.8 percent to over 8.8 billion manat ($5.1 billion) and Broad Money Supply (M3) increased by 12.7 percent to over 26.7 billion manat ($15.7 billion).
Transaction money (M1) increased by 18.5 percent to over 13.9 billion manat ($8.1 billion).
Parameters of monetary market:
|
Monetary market parameters (in manat) |
Volume, November 2019 |
Volume, November 2019 |
|
Broad Money Supply (М3) |
26.7 billion ($15.7 billion) |
23.7 billion ($13.9 billion) |
|
Money mass in manat (М2) |
16.6 billion ($9.8 billion) |
14.1 billion ($8.3 billion) |
|
Transaction money (M1) |
13.9 billion ($8.1 billion) |
11.7 billion ($6.9 billion) |
|
Cash in manat (М0) |
8.8 billion ($5.1 billion) |
7.3 billion ($4.2 billion) |
|
Non-cash in manat |
7.8 billion ($4.6 billion) |
6.8 billion ($4 billion) |
(1 USD = 1.7 AZN on Dec. 30)
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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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