BAKU, Azerbaijan, July 1
By Eldar Janashvili – Trend:
The Money Supply Rate (М2) in Azerbaijan made up $17.02 billion manat ($10.01 billion) as of late May 2020, which is 9.9 percent more compared to the same period of 2019, Trend reports referring to the statistical bulletin of Central Bank of Azerbaijan (CBA).
According to the bank, the amount of Cash Money Supply (M0) increased by 10.5 percent to 9.01 billion manat ($5.3 billion), Broad Money Supply (M3) grew by 7.2 percent up to 26.6 billion manat ($15.6 billion), and Transaction money (M1) - by 14.5 percent, up to 14.8 billion manat ($8.7 billion).
Parameters of monetary market:
|
Monetary market parameters: |
Amount, May 2020 |
Amount, May 2019 |
|
Broad Money Supply (М3) |
26.6 billion manat ($15.6 billion) |
24.8 billion manat ($14.6 billion) |
|
Money Supply Rate (М2) |
17.02 billion manat ($10.01 billion) |
15.5 billion manat ($9.1 billion) |
|
Transaction money (M1) |
14.8 billion manat ($8.7 billion) |
12.9 billion manat ($7.6 billion) |
|
Cash (М0) |
9 billion manat ($5.3 billion) |
8.1 billion manat ($4.8 billion) |
|
Non-cash |
8.01 billion manat ($4.7 billion) |
7.3 billion manat ($4.3 billion) |
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.
(1 USD = 1.7 manat on July 1)
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