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Azerbaijan sees 32% growth in money supply

Azerbaijan sees 32% growth in money supply

26 September 2011 13:21 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of August 1, 2011, M3 broad money reached AZN 11,921.2 mln, up 31.7% from last year, said the Central Bank of Azerbaijan.

Money supply increased by 13.2% in January-July, 2011.

The M2 broad money rose 35.7% to AZN 9,351.4 mln

The following table describes the trend in money supplies.
(mln. AZN)

	01.08.2010	01.01.2011	01.08.2011
M0(cash money)	4 811.4	5 455.8	6 199.0
M1(cash money. demand deposits)	5 756.5	6 718.9	7 679.8
M2(cash money. demand and term deposits in manat)	6 892.0	8 297.5	9 351.4
M3 (cash money. demand and term deposits)	9 054.5	10 527.5	11 921.2

As of August 1, 2011, total volume of M2 broad money made 66.3%, down 3.5% from a year ago

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