Azerbaijan sees growth in money supply

Azerbaijan sees growth in money supply
# 27 May 2010 15:32 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of May1, 2010. M3 broad money reached AZN 8 735.5 million, up 34.3% from last year, said the Central Bank of Azerbaijan.

M3 money supply increased by 3.1% in January-April, M2 money supply rose by 2.9% to AZN 6 347.7 mln.

The following table describes the trend in money supplies

(mln. AZN)

01.05.2009

01.01.2010

01.05.2010

M0 (total cash)

3 297.1

4 174.8

4 434.3

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

4 109.5

5 239.8

5 337.5

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

4 732.3

6 169.2

6 347.7

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

6 502.4

8 469.2

8 735.5

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