Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, M3 money supply made AZN 17,109.4 mln, up AZN 2,529.9 mln or 17.4% from previous year.
Central Bank of Azerbaijan says money supply rose
Note that M3 Board includes cash out of banks, demand and term deposits.
M2 Board of money supply rose
(mln.
|
|
01.06.2012 |
01.01.2013 |
01.06.2013 |
|
M0 (cash) |
7,509.9 |
9,256.6 |
9,098.2 |
|
M1 (cash, demand savings and deposits) |
9,194.7 |
11,107.9 |
11,198.3 |
|
M2 (cash, demand and manat term savings and deposits) |
11,456.7 |
13,806.4 |
14,138.2 |
|
M3 (cash, demand and term savings and deposits) |
14,579.5 |
16,775.3 |
17,109.4 |
As it seems cash money supply has increased by AZn 1,588.3 mln or 21.2% year-on-year. So, 59.2% of manat money supply growth falls to share of cash money growth.
As of July 1, cashing level in the country made 64.4%, down 1.2 percentage point in annual comparison.
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