Bank Of Baku

Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply
# 08 September 2014 09:41 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of August 1, 2014, M3 money supply made AZN 21,225.4 mln, up AZN 3,789.6 mln or 21.7% from previous year.

 

Central Bank of Azerbaijan says money supply rose AZN 656.2 mln or 3.2% in July.

 

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

 

M2 Board of money supply rose AZN 2,933.7 mln or 20.2% to AZN 17,438.1 mln in comparison to a year earlier. In July, the M2 board increased AZN 433 mln or 2.5%.

 

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