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Cash money level drops to 64.6% in Azerbaijan

04 October 2013 14:34 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of September 1, 2013, M3 money supply made AZN 17,442.3 mln, up AZN 2,439.3 mln or 16.3% from previous year.

Central Bank of Azerbaijan says money supply rose AZN 667.0 mln or 4.0% in January-August.

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

M2 Board of money supply rose AZN 2,512.9 mln or 20.6% to AZN 14,731.2 mln in comparison to a year earlier.

(mln. AZN)

	01.09.2012	01.01.2013	01.09.2013
M0 (cash money)	8,134.6	9,256.6	9,516.9
M1 (cash money, demand deposits and savings)	9,913.6	11,107.9	11,715.1
M2 (Cash money, demand and manat term deposits and savings)	12,218.3	13,806.4	14,731.2
M3 (cash money, demand and term deposits and savings)	15,003.0	16,775.3	17,442.3

Compared to 2010-2011, growth rate of manat money supply gradually decreases. So, the growth in 2010 made 34.5%, in 2011 – 32.5%, in 2012 – 25.6%.

At the same time, cash manat supply soared AZN 1,382.3 mln or 17.0%. Thus, 55.0% of growth of manat money supply falls to share of cash money increase.

As of September 1, 2013, cashing level was equal to 64.6%, down 2.0 percentage points in annual comparison.