Bank Of Baku

Azerbaijan sees decline in money supply

Azerbaijan sees decline in money supply
# 05 February 2016 14:19 (UTC +04:00)

Baku. Yegane Lachinzade – APA-Economics. As of January 1, 2016, M3 money supply made AZN 21,318.6 mln, down AZN 247.8 mln or 1.15% from previous year.

 

Central Bank of Azerbaijan says compared to November, the money supply fell AZN 3,874.1 mln or 22.2% in December 2015.

 

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

 

M2 Board of money supply declined AZN 436.9 mln or 4.83% to AZN 8,613.1 mln in comparison to a year earlier.

 

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