Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply
  • Clock-gray 14:08
  • calendar-gray 10 February 2017

As of January 1, 2017, M3 money supply made up AZN 20,889.6 million, down AZN 2,827.4 million or 1.9% from previous year.

 

Central Bank of Azerbaijan says compared to November, the money supply increased AZN 617.7 million or 3.05% in December 2016.

 

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

 

As of January 1, 2017, the M2 Board of money supply increased AZN 2,868 billion or 33.05% to AZN 11,546,300,000 in comparison to a year earlier.

 

 

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