Azerbaijan sees decline in money supply

Azerbaijan sees decline in money supply
# 09 October 2017 15:30 (UTC +04:00)

As of September 1, 2017, M3 money supply made up AZN 20,556.3 million, down AZN 597.8 million or 2.83% from previous year.

Central Bank of Azerbaijan says compared to July, the money supply decreased AZN 268.1 million or 1.3% in August.

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

As of September 1, 2017, the M2 Board of money supply increased AZN 1,276,100,000 or 13% to AZN 11,137,500,000 in comparison to a year earlier.

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