BAKU, Azerbaijan, May 24. Azerbaijan's Money Supply Rate (M2) increased by 4.07 billion manat ($2.4 billion), or 13.51 percent, as of May 1, 2024, compared to the same period last year (from 30.18 billion manat, or $17.75 billion, to 34.26 billion manat, or $20.15 billion), Trend reports.
Data from the Central Bank of Azerbaijan (CBA) shows that the
cash supply in circulation (M0) increased by 1.39 billion manat, or
$820 million (10.01 percent), from 13.9 billion manat ($8.18
billion) to 15.29 billion manat ($9 billion), and the broad money
supply (M3) increased by 4.09 billion manat, or $2.4 billion (9.96
percent), to 45.27 billion manat ($26.6 billion).
Annual transaction money (M1) increased by 2.59 billion manat, or
1.5 billion (10.09 percent), from 25.7 billion manat ($15 billion)
to 28.3 billion manat ($16.6 billion).
Azerbaijan's money market parameters:
|
Parameters: |
Volume (as of May 1, 2024) |
Volume (as of May 1, 2023) |
|
Broad Money Supply (М3) |
45.27 billion manat ($26.6 billion) |
41.17 billion manat ($24.2 billion) |
|
Money Supply Rate (М2) |
34.26 billion manat ($20.15 billion) |
30.18 billion manat ($17.7 billion) |
|
Transaction Money (М1) |
28.3 billion manat ($16.6 billion) |
25.7 billion manat ($15.1 billion) |
|
Cash (М0) |
15.29 billion manat ($9 billion) |
13.9 billion manat |
|
Cashless |
13 billion manat ($7.6 billion) |
11.8 billion manat ($6.9 billion) |
To note, as of January 1, 2024, the M3 indicator amounted to 45.07 billion manat ($26.5 billion), M2 - 34.2 billion manat ($20 billion), M1 - 29.67 billion manat ($17.4 billion), and M0 - 13.8 billion manat ($8 billion).
