Bank Of Baku

Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply
# 27 November 2014 08:46 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of November 1, 2014, M3 money supply made AZN 21,372.1 mln, up AZN 3,504.7 mln or 19.62% from previous year.

 

Central Bank of Azerbaijan says money supply rose AZN 239 mln or 1.13% in October, 12.2% in January-October.

 

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

 

M2 Board of money supply rose AZN 2,352.2 mln or 15.66% to AZN 17,370 mln in comparison to a year earlier, AZN2.2 mln or 0.01% in October.

 

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