Azerbaijan sees growth in money supply

Azerbaijan sees growth in money supply
# 04 May 2010 09:37 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of April 1, 2010, M3 broad money reached AZN 8 673.4 million, up 35.6% from last year, said the Central Bank of Azerbaijan.

M3 money supply declined 2.4% in January-March.

The following table describes the trend in money supplies.

(mln. AZN)

01.04.2009

01.01.2010

01.04.2010

M0 (total cash)

3 304,1

4 174,8

4 312,1

M1 (assets that can be used to pay for a good or service or to repay debt)

4 088,3

5 239,8

5 190,7

M2 (total cash in circulation outside banks (M0), the amount in demand accounts, current accounts, term deposits in national currency)

4 740,9

6 169,2

6 182,6

M3 (M2 plus large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets)

6 397,4

8 469,2

8 673,4

#
#

THE OPERATION IS BEING PERFORMED