Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply
  • Clock-gray 10:35
  • calendar-gray 11 January 2017

As of December 1, 2016, M3 money supply made up AZN 20,271.9 million, up AZN 2,827.4 million or 16.2% from previous year.

 

Central Bank of Azerbaijan says compared to September, the money supply increased AZN 149.3 million or 0.7% in November 2016.

 

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

 

As of December 1, 2016, the M2 Board of money supply increased AZN 1,892.4 million or 21% to AZN 10,942,400,000 in comparison to a year earlier.

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