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Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply

08 September 2017 15:22 (UTC +04:00)

As of July 1, 2017, M3 money supply made up AZN 20,824.4 million, up AZN 277.5 million or 1.32% from previous year.

Central Bank of Azerbaijan says compared to June, the money supply increased AZN 148.6 million or 0.71% in July.

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

As of August 1, 2017, the M2 Board of money supply increased AZN 1,241,900,000 or 12.3% to AZN 11,338,500,000 in comparison to a year earlier.

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