Bank Of Baku

Azerbaijan sees growth in money supply

Azerbaijan sees growth in money supply
# 31 January 2011 08:14 (UTC +04:00)
Money supply rose 9.4% in December.

As of January 1, 2011, the M2 broad money rose 34.5% to AZN 8 297.5 mln.

The following table describes the trend in money supplies.

(mln. AZN)

Money Board

01.01.2010

01.01.2011

M0 (total cash)

4 174.8

5 455.8

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

5 239.8

6 718.9

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

6 169.2

8 297.5

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

8 469.2

10 527.5

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