Baku. Musa Ahmadov – APA-Economics. As of October 1, 2016, M3 money supply made AZN 20,134.2 million, up AZN 2,450.2 million or 13.86% from previous year.
Central Bank of Azerbaijan says compared to August, the money supply declined AZN 1,019,900,000 or 4.82% in September 2016.
Note that M3 Board includes cash out of banks, demand and term deposits.
As of October 1, 2016, the M2 Board of money supply increased AZN 597.5 million or 6.38% to AZN 9,966.4 million in comparison to a year earlier.