Bank Of Baku

Azerbaijan sees growth in money supply

Azerbaijan sees growth in money supply
# 10 November 2010 14:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, 2010, M3 broad money reached AZN 9 390 million, up 25.9% from last year, said the Central Bank of Azerbaijan.

Money supply rose by 10.9% in January-September, by 0.8% in September.

M2 broad money rose 16% to AZN 7 156.1 mln, during January-September, 2010.

The following table describes the trend in money supplies.

(mln. AZN)

 

01.10.2009

01.01.2010

01.10.2010

M0 (total cash)

3 620.1

4 174.8

4 897.4

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

4 449.2

5 239.8

5 901.7

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

5 222.4

6 169.2

7 156.1

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

7 458.4

8 469.2

9 390.0

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