BAKU, Azerbaijan, July 23. Azerbaijan's money supply in manat terms (M2) grew by 3.7 billion manat ($2.1 billion), or 11.86 percent, as of July 1, 2024, compared to the same period last year (from 31.4 billion manat ($18.4 billion) to 35.1 billion manat ($20.6 billion)), Trend reports.
According to the Central Bank of Azerbaijan (CBA), the cash supply in circulation (M0) increased by 1.05 billion manat ($617 million) (7.26 percent) over the year - from 14.5 billion manat ($8.5 billion) to 15.5 billion manat ($9.1 billion), and the and the broad money supply (M3) increased by 3.8 billion manat ($2.2 billion) (9.27 percent) - to 45.06 billion manat ($26.5 billion) (against 41.2 billion manat ($24.2 billion) a year earlier).
Money supply for transactions (M1) increased by 1.9 billion manat ($1.1 billion) (7.32 percent) to 28.5 billion manat ($16.7 billion) from 26.6 billion manat ($15.6 billion).
Money market parameters (in manat):
| Money market parameters | Volume, as of July 1, 2024. | Volume, as of July 1, 2023. |
| Broad Money Supply (М3) | 45 billion manat ($26.4 billion) | 41.2 billion manat ($24.2 billion) |
| Money Supply Rate (М2) | 35.1 billion manat ($20.6 billion) | 31.3 billion manat ($18.4 billion) |
| Transaction Money (М1) | 28.5 billion manat ($16.7 billion) | 26.6 billion manat ($15.6 billion) |
| Cash (М0) | 15.5 billion manat ($9.1 billion) | 14.5 billion manat ($8.5 billion) |
| Cashless | 12.9 billion manat ($7.5 billion) | 12 billion manat ($7 billion) |
To note, as of January 1, 2024, M3 amounted to 45 billion manat ($26.4 billion), M2 - 34.2 billion manat ($20.1 billion), M1 - 29.6 billion manat ($17.4 billion), M0 - 13.8 billion manat ($8.1 billion).
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