Baku. Yegane Lachinzade – APA-Economics. As of June 1, 2016, M3 money supply made AZN 20,629.7 mln, up AZN 1,662.9 mln or 8.77% from previous year.
Central Bank of Azerbaijan says compared to April, the money supply surged AZN 64 mln or 0.31% in May 2016.
Note that M3 Board includes cash out of banks, demand and term deposits.
M2 Board of money supply declined AZN 1,450.7 mln or 13.1% to AZN 9,600.7 mln in comparison to a year earlier.