Baku. Yegane Lachinzade – APA-Economics. As of May 1, 2016, M3 money supply made AZN 20,565.7 mln, up AZN 1,582.8 mln or 8.34% from previous year.
Central Bank of Azerbaijan says compared to February, the money supply dropped AZN 69.4 mln or 0.34% in April 2016.
Note that M3 Board includes cash out of banks, demand and term deposits.
M2 Board of money supply declined AZN 1,798.2 mln or 16.3% to AZN 9,205.8 mln in comparison to a year earlier.