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Azerbaijan sees 23% growth in money supply

Azerbaijan sees 23% growth in money supply

10 June 2011 07:57 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of May 1, 2011, M3 broad money reached AZN 10,760.6 mln, up 23.2% from last year, said the Central Bank of Azerbaijan.

Money supply increased by 2.2% in January-April, 2011.

The M2 broad money rose 28.8% to AZN 8,176.4 mln

The following table describes the trend in money supplies.

(mln. AZN)

	01.05.2010	01.01.2011	01.05.2011
M0 (cash money)	4 434.3	5 455.8	5 457.8
M1 (cash money. demand deposits)	5 337.5	6 718.9	6 714.2
M2 (cash money. demand and term deposits in manat)	6 347.7	8 297.5	8 176.4
M3 (cash money. demand and term deposits)	8 735.5	10 527.5	10 760.6

As of May 1, 2011, total volume of M2 broad money made 66.8%, down 3.1% from a year ago.

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