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Azerbaijan sees 35% growth in money supply

Azerbaijan sees 35% growth in money supply

18 November 2011 09:21 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of October 1, 2011, M3 broad money reached AZN 12,652.2 mln, up 34.7% from last year, said the Central Bank of Azerbaijan.

Money supply increased by 20.2% in January-September, 2011.

The M2 broad money rose 34.6% to AZN 9,630.3 mln

The following table describes the trend in money supplies.

(mln. AZN)

	01.10.2010	01.01.2011	01.10.2011
M0(cash money)	4 897.4	5 455.8	6 465.9
M1(cash money, demand deposits)	5 901.7	6 718.9	7 809.7
M2(cash money. demand and term deposits in manat)	7 156.1	8 297.5	9 630.3
M3 (cash money. demand and term deposits)	9 390.0	10 527.5	12 652.2

As of October 1, 2011, total volume of M2 broad money made 67.1%, down 1.3percentage points from a year ago

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