Azerbaijan sees decline in money supply

Azerbaijan sees decline in money supply
# 11 April 2017 09:53 (UTC +04:00)

As of March 1, 2017, M3 money supply made up AZN 20,151.2 million, up AZN 552.4 million or 2.82% from previous year.

Central Bank of Azerbaijan says compared to January, the money supply decreased AZN 883.7 million or 4.2% in February.

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

As of March 1, 2017, the M2 Board of money supply increased AZN 2,077,600,000 or 24% to AZN 10,764,000,000 in comparison to a year earlier.

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