BAKU, Azerbaijan, Apr. 1
By Eldar Janashvili - Trend:
The money supply rate (M2 - cash in circulation outside banks) in Azerbaijan amounted to 18.3 billion manat ($10.7 billion) as of late February 2020, which is 27.1 percent more compared to the same month of 2019, Trend reports referring to the statistical bulletin of Central Bank (CBA).
According to the CBA’s bulletin, the amount of Cash Money Supply (M0) increased by 30.7 percent to 9.5 billion manat ($5.5 billion), Broad Money Supply (M3) increased by 16.5 percent up to 28.6 billion manat ($16.8 billion), and Transaction money (M1) increased by 28.7 percent, up to 15.4 billion manat ($9 billion).
Parameters of monetary market, in billion manat:
|
Monetary market parameters |
Volume, February 2020 |
Volume, February 2019 |
|
Broad Money Supply (М3) |
28.6 ($16.8 billion) |
24.5 ($14.4 billion) |
|
Money mass (М2) |
18.2 ($10.7 million) |
14.3 ($8.3 billion) |
|
Transaction money (M1) |
15.3 ($9 billion) |
11.9 ($7 billion) |
|
Cash (М0) |
9.5 ($5.5 billion) |
7.3 ($4.2 billion) |
|
Non-cash |
8.7 ($5.1 billion) |
7 ($4.1 billion) |
(1 USD = 1.7 AZN on Apr. 1)
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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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