Azerbaijan sees decline in money supply last year

Azerbaijan sees decline in money supply last year
  • Clock-gray 13:41
  • calendar-gray 07 March 2018

As of February 1, 2018, M3 money supply made up AZN 22,755.4 million, up AZN 1,720,500,000 or 8.18% from previous year.

 

Central Bank of Azerbaijan says compared to December 2017, the money supply decreased AZN 16,007,000 or 0.07% in January.

 

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

 

As of February 1, 2018, the M2 Board of money supply stood at AZN 12,272,700,000, up AZN 1,523,400 or 14.17% in comparison to a year earlier, down AZN 193.7 million or 1.55% in comparison to December 2017.

Other news