Azerbaijan sees growth in money supply

Azerbaijan sees growth in money supply
# 05 April 2011 11:12 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of March 1, 2011, M3 broad money reached AZN 10 272.6 million, up 26.3% from last year, said the Central Bank of Azerbaijan.

Money supply increased by 2.4% in January-February, 2011.

As of March 1, 2011, the M2 broad money dropped 4.7% to AZN 7 907.7 mln in January-February.

The following table describes the trend in money supplies.

(mln. AZN)

01.03.2010

01.01.2011

01.03.2011

M0 (total cash)

4 083.9

5 455.8

5 363.1

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

4 982.5

6 718.9

6 555.5

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

5 853.1

8 297.5

7 907.7

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

8 132.6

10 527.5

10 272.6

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