BAKU, Azerbaijan, December 26. Azerbaijan's money supply in manat terms (M2) grew by 439.99 million manat ($258.8 million) or 1.29 percent as of December 1, 2024, compared to the same period last year (from 34.19 billion manat or $20.1 billion) to 34.6 billion manat ($20.3 billion).
The data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that cash supply in circulation (M0) rose by 496.1 million manat, or $291.8 million (3.28 percent) over the year, from 15.1 billion manat ($8.88 billion) to 15.6 billion manat ($9.18 billion), and expanded money supply (M3) increased by 1.33 billion manat, or $780,000 (3.07 percent), to 44.69 billion manat, or $26.29 billion (against 43.3 billion manat or $25.47 billion a year earlier).
The money supply for transactions (M1) decreased by 968.9 million manat, or $569.9 million (3.38 percent), from 28.6 billion manat ($16.8 billion) to 27.7 billion manat ($16.29 billion) over the year.
Money market parameters (in manat):
|
Money market parameters |
Volume, as of December 1, 2024 |
Volume, as of December 1, 2023 |
|
Expanded money supply (M3) |
44.69 billion manat ($26.29 billion) |
43.3 billion manat ($25.47 billion) |
|
Money supply in manat terms (M2) |
34.6 billion manat ($20.3 billion) |
34.19 billion manat ($20.1 billion) |
|
Money supply for transactions (M1) |
27.7 billion manat ($16.29 billion) |
28.6 billion manat ($16.8 billion) |
|
Cash supply in circulation (M0) |
15.6 billion manat ($9.18 billion) |
15.1 billion manat ($8.88 billion) |
|
Non-cash money supply in manat terms |
12 billion manat ($7 billion) |
13.55 billion manat ($7.97 billion) |
To note, the indicator 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), and M0 - 13.8 billion manat ($8.1 billion) as of the first of January 2024.
