Bank Of Baku

Azerbaijan sees 29% rise in money supply

Azerbaijan sees 29% rise in money supply
# 03 November 2014 11:40 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of October 1, 2014, M3 money supply made AZN 21,133.1 mln, up AZN 3,519.5 mln or 19.98% from previous year.

 

Central Bank of Azerbaijan says money supply fell AZN 173.3 mln or 0.81% in September, rose 9.6% in January-September.

 

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

 

M2 Board of money supply rose AZN 2,558.2 mln or 17.3% to AZN 17,367.8 mln in comparison to a year earlier, dropped AZN 84.6 mln in September.

 

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