Azerbaijan sees decline in money supply

Azerbaijan sees decline in money supply
  • Clock-gray 16:15
  • calendar-gray 08 May 2017

As of April 1, 2017, M3 money supply made up AZN 19,902.9 million, down AZN 732.2 million or 3.55% from previous year.

 

Central Bank of Azerbaijan says compared to February, the money supply decreased AZN 248.3 million or 1.23% in March.

 

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

 

As of April 1, 2017, the M2 Board of money supply increased AZN 2,077,600,000 or 27.1% to AZN 10,982,000,000 in comparison to a year earlier.

 

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