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Azerbaijan sees 26% growth in money supply

Azerbaijan sees 26% growth in money supply

19 August 2011 14:09 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. As of July 1, 2011, M3 broad money reached AZN 11,412.5 mln, up 25.7% from last year, said the Central Bank of Azerbaijan.

Money supply increased by 8.4% in January-June, 2011.

The M2 broad money rose 31.8% to AZN 8,735.4 mln

The following table describes the trend in money supplies.

(mln. man.)

Money boards	01.07.2010	01.01.2011	01.07.2011
M0 (cash money)	4,587.3	5,455.8	5,851.6
M1 (cash money. demand deposits)	5,544.1	6,718.9	6,972.4
M2 (cash money. demand and term deposits in manat)	6,629.4	8,297.5	8,735.4
M3 (cash money. demand and term deposits)	9,082.5	10,527.5	11,412.5

As of July 1, 2011, total volume of M2 broad money made 67%, down 2.2% from a year ago

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