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Azerbaijan sees decline in money supply

03 March 2011 13:16 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of February 1, 2011, M3 broad money reached AZN 10 107.3 million, up 24.1% from last year, said the Central Bank of Azerbaijan.

Money supply decreased by 4% in January.

As of February 1, 2011, the M2 broad money dropped 33% to AZN 7 763.8 mln.

The following table describes the trend in money supplies.

(mln. AZN)

Money Board	01.02.2010	01.01.2011	01.02.2011
M0 (total cash)	3 972.8	5 455.8	5 266.8
M1 (assets that can be used to pay for a good or service or to repay debt))	4 857.2	6 718.9	6 542.3
M2 (total cash in circulation outside banks (M0). the amount in demand accounts. current accounts. term deposits in national currency)	5 837.7	8 297.5	7 763.8
M3 (M2 plus large time deposits. institutional money-market funds. short-term repurchase agreements. along with other larger liquid assets)	8 143.8	10 527.5	10 107.3