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Money supply drops in Azerbaijan

27 March 2014 08:18 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of February 1, 2014, M3 broad money reached AZN 110.2 million, up 19.4% from last year, the Central Bank of Azerbaijan told APA-Economics.

Money supply decreased by 1.3% or AZN 249.6 in January, 2014.

As of February 1, 2014, the M2 broad money rose 20.7% or AZN 2,754.9 mln to AZN 15 982.9 mln year-on-year, but it dropped by 2.8% or AZN 451.9 mln in January.

	01.02.2013	01.01.2014	01.02.2014
M0 (total cash)	8 817.6	10 458.7	9 911.7
M1 (assets that can be used to pay for a good or service or to repay debt))	10 548.4	12 736.9	12 277.3
M2 (total cash in circulation outside banks (M0). the amount in demand accounts. current accounts. term deposits in national currency)	13 288.0	16 434.8	15 982.9
M3 (M2 plus large time deposits. institutional money-market funds. short-term repurchase agreements. along with other larger liquid assets)	16 002.2	19 359.8	19 110.2