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Azerbaijan sees 28% rise in money supply

10 September 2012 13:32 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of August 1, 2012, M3 broad money reached AZN 14,703.0 million, up 23.3% from last year, said the Central Bank of Azerbaijan.

Money supply increased by 5.8% or AZN in January-July, 2012.

As of August 1, 2012, the M2 broad money rose 28.0% to AZN 2,619.6 mln year-on-year.

The following table describes the trend in money supplies.

(mln. man.)

	01.08.11	01.01.12	01.08.12
M0 (total cash)	6 199.0	7 158.2	8 012.3
M1 (assets that can be used to pay for a good or service or to repay debt))	7 679.8	8 824.8	9 671.2
M2 (total cash in circulation outside banks (M0). the amount in demand accounts. current accounts. term deposits in national currency)	9 351.4	10 997.2	11 971.0
M3 (M2 plus large time deposits. institutional money-market funds. short-term repurchase agreements. along with other larger liquid assets)	11 921.2	13 903.2	14 703.0