Baku. Musa Ahmadov – APA-Economics. As of July 1, 2016, M3 money supply made AZN 20,851.5 million, down AZN 2,002.1 million or 10.62% from previous year.
Central Bank of Azerbaijan says compared to May, the money supply surged AZN 221.8 million or 1.08% in June 2016.
Note that M3 Board includes cash out of banks, demand and term deposits.
M2 Board of money supply declined AZN 1,185.3 million or 10.78% to AZN 9,806.5 million in comparison to a year earlier.