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Azerbaijan sees 4% decline in money supply

Azerbaijan sees 4% decline in money supply

26 February 2010 15:57 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of February 1, M3 broad money reached AZN 8 143.8 million, up 1.7% from early this year. said the Central Bank of Azerbaijan.

M3 money supply declined 3.8% in January.

The following table describes the trend in money supplies.

(mln. AZN)

	01.02.2009	01.01.2010	01.02.2010
M0 (total cash)	3 896.1	4 174.8	3 972.8
M1 (assets that can be used to pay for a good or service or to repay debt)	4 727.4	5 239.8	4 857.2
M2 (total cash in circulation outside banks (M0), the amount in demand accounts, current accounts, term deposits in national currency)	5 594.7	6 169.2	5 837.7
M3 (M2 plus large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets)	8 009.3	8 469.2	8 143.8

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