Azerbaijan sees decline in money supply

Azerbaijan sees decline in money supply
# 10 April 2014 09:20 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of March 1, 2014, M3 money supply made AZN 19,273.6 mln, up AZN 3,113.1 mln or 19.3% from previous year.

Central Bank of Azerbaijan says money supply rose AZN 163.4 mln or 0.8% in February.

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

As of February 1, 2014, M2 Board of money supply rose AZN 2,611.6 mln or 19.3% to AZN 16,124.7 mln. In February, it rose AZN 141.8 mln or 0.9%.


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