Bank Of Baku

Azerbaijan sees 25% rise in money supply

Azerbaijan sees 25% rise in money supply
# 06 June 2013 15:31 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of May 1, 2013, M3 money supply made AZN 16,921.3 mln, up AZN 2,575.1 mln or 18.0% from previous year.

 

Central Bank of Azerbaijan says money supply rose AZN 146.0 mln or 0.9% in January-April.

 

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

 

M2 Board of money supply rose AZN 2,819.5 mln or 25.2% to AZN 14,021.9 mln in comparison to a year earlier.

                                                                                                                                     (mln. AZN)

 

01.05.2012

01.01.2013

01.05.2013

M0 (cash)

7,312.8

9,256.6

8,983.9

M1 (cash, demand savings and deposits)

8,972.4

11,107.9

11,130.8

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

11,202.4

13,806.4

14,021.9

M3 (cash, demand and term savings and deposits)

14,346.2

16,775.3

16,921.3

 

As it seems, cash manat supply increased by 22.8% or AZN 1,671.1 mln. Thus, 59.3% of growth fell to share of cash increase. 

 

As of May 1, the cashing level was equal to 64.1%, down 1.2 percentage points compared to a year earlier.

 

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