Bank Of Baku

Azerbaijan sees 33% growth in money supply

Azerbaijan sees 33% growth in money supply
# 30 December 2010 11:26 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, 2010, M3 broad money reached AZN 9 620.8 million, up 21.7% from last year, said the Central Bank of Azerbaijan.

Money supply rose by 13.6% in January-November, by 0.01% in November.

As of December 1, 2010, the M2 broad money rose 33% to AZN 7 417.7 mln.

The following table describes the trend in money supplies.

(mln. AZN)

 

01.12.2009

01.01.2010

01.12.2010

M0 (total cash)

3 805.7

4 174.8

4 994.3

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

 

4 706.6

 

5 239.8

 

5 964.0

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

 

5 575.6

 

6 169.2

 

7 417.7

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

 

7 904.9

 

8 469.2

 

9 620.8

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