Bank Of Baku

Azerbaijan sees decline in money supply

Azerbaijan sees decline in money supply
# 11 April 2016 09:44 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of March 1, 2016, M3 money supply made AZN 19,598.8 mln, down AZN 516.4 mln or 2.57% from previous year.

 

Central Bank of Azerbaijan says compared to January, the money supply fell AZN 331.4 mln or 1.66% in February 2016.

 

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

 

M2 Board of money supply descended AZN 4,920.6 mln or 36.16% to AZN 8,686.4 mln in comparison to a year earlier.

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