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Azerbaijan sees 20% rise in money supply

23 January 2014 09:05 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of December 1, 2013, M3 money supply made AZN 18,289.2 mln, up 15.9% from previous year.

Central Bank of Azerbaijan says money supply rose AZN 1,513.9 mln or 9.0% in January-November.

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

M2 Board of money supply rose 20.3% to AZN 15,214.2 mln in comparison to a year earlier.

(mln. AZN)

	01.12.2012	01.01.2013	01.12.2013
M0 (cash)	8,383.6	9,256,6	9,849.4
M1 (cash, demand savings and deposits)	10,100.5	11,107.9	11,968.6
M2 (cash, demand and manat savings and deposits)	12,649.6	13,806.4	15,214.2
M3 (cash, demand and term savings and deposits)	15,787.7	16,775.3	18,289.2

The cashing level was equal to 64.7%, down 1.6 percentage point from a year ago.

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