M3 money supply rose 2.9% in October alone and 0.9% year-on-year.
The following table describes the trend in money supplies.
(mln. AZN)
| 01.11.08 | 01.01.09 | 01.10.09 | 01.11.09 |
M0 (total cash) | 3 636,4 | 4 145,7 | 3 620,1 | 3 660,3 |
M1 (assets that can be used to pay for a good or service or to repay debt) | 4 529,7 | 5 145,0 | 4 449,2 | 4 539,0 |
M2 (total cash in circulation outside banks (M0), the amount in demand accounts, current accounts, term deposits in national currency) | 5 443,8 | 6 081,0 | 5 222,4 | 5 388,5 |
M3 (M2 plus large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets) | 7 608,0 | 8 494,2 | 7 458,4 | 7 675,6 |
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