Bank Of Baku

Azerbaijan sees 19% rise in money supply

Azerbaijan sees 19% rise in money supply
# 06 February 2014 11:22 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2014, M3 money supply made AZN 19,359.8 mln, up AZN 2,584.5 mln or 15.4% from previous year.

 

Central Bank of Azerbaijan says money supply rose AZN 1,070.6 mln or 5.9% in December.

 

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

 

M2 Board of money supply rose AZN 2,628.4 mln or 19.0% to AZN 16,434.8 mln in comparison to a year earlier.

 

(mln. AZN)

 

01.01.2013

01.01.2014

 

M0 (cash)

 

9,256.6

 

10,458.7

M1 (cash, demand deposits and savings)

 

11,107.9

 

12,736.9

M2 (cash, demand and manat term deposits and savings)

 

13,806.4

 

16,434.8

M3 (cash, demand and term deposits and savings)

 

16,775.3

 

19,359.8

 

As of January 1, 2014, the cashing level in money supply was equal to 63.6%, down 3.5 percentage points from previous year. 

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