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Azerbaijan sees 23% rise in manat money supply

13 May 2013 11:00 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2013, M3 money supply made AZN 16,863.7 mln, up AZN 2,543.8 mln or 17.8% from previous year.

Central Bank of Azerbaijan says money supply rose AZN 88.4 mln or 0.5% in January-March.

Note that M3 Board includes cash out of banks, demand and term deposits.

M2 Board of money supply rose AZN 2,574.0 mln or 22.9% to AZN 13,837.4 mln in comparison to a year earlier.

(mln. AZN)

	01.04.2012	01.01.2013	01.01.2013
M0 (cash)	7,241.3	9,256.6	8,999.2
M1 (cash, demand deposits)	8,996.9	11,107.9	10,982.8
M2 (cash, demand and term manat deposits)	11,263.4	13,806.4	13,837.4
M3 (cash, demand and term deposits)	14,319.9	16,775.3	16,863.7

As it seems, the cash money supply rose AZN 1,757.9 mln or 24.3%. So, 68.3% of growth of manat money supply fell to share of cash growth.

As of April 1, 2013, the cashing level in the country was equal to AZN 65.0%, up 0.7 percentage points.

Note that growth rate of manat money supply decreased in 2010-2011. So, the growth made 34.5% in 2010, 32.5% - in 2011 and 25.6% - in 2012.

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