BAKU, Azerbaijan, Apr. 20
By Ilkin Seyfaddini – Trend:
In Uzbekistan, money supply in M2 definition declined by 0.89 percent in the first quarter of 2020, including a 2.22 percent increase in March 2020, Trend reports citing the Uzbek media.
As of April 1, the total money supply amounted to almost 90.5 trillion soum ($9.47 billion), the report says.
M2 money supply includes cash in circulation (outside the banking system), savings and term deposits in the national currency of other financial organizations, public non-financial organizations, private sector and individuals, the report says.
Money supply in the national currency of Uzbekistan increased by 1.24 percent for the first three months of 2020, including the increase by 4.17 percent in March, and slightly exceeded 63.6 trillion soum ($6.65 billion).
Meanwhile, the money supply in M1 definition decreased by 0.53 percent in the first quarter of 2020, and increased by six percent to 42.4 trillion soum in March 2020 ($4.44 billion).
M1 indicator includes cash in circulation and transferable deposits in national currency.
In particular, cash in circulation decreased by 1.63 percent during the first quarter, while growing by 1.07 percent in March to 23.8 trillion soum ($2.5 billion); transferable deposits in national currency increased by 0.91 percent and 4.36 percent respectively to 18.6 trillion soum ($1.95 billion), the report says.
The volume of other deposits in national currency increased by 0.83 percent in the period from January through February 2020,and by 0.68 percent to 21.1 trillion soum ($2.21 billion) in March. At the same time, deposits in foreign currency have decreased by 5.59 percent since the January of 2020, including increase by 2.13 percent to 26.9 trillion soum ($2.81 billion) for March 2020.
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