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 |
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