Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply
# 03 July 2014 10:14 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of June 1, 2014, M3 money supply made AZN 19,968.6 mln, up AZN 2,859.2 mln or 16.7% from previous year.

Central Bank of Azerbaijan says money supply rose AZN 176 mln or 0.9% in May.

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

M2 Board of money supply rose AZN 2,557.5 mln or 18.1% to AZN 16,695.7 mln in comparison to a year earlier. M2 Board of money supply increased by AZN 206 mln or 1.2% in May.

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