Azerbaijan sees decline in October’s money supply

Azerbaijan sees decline in October’s money supply
# 02 December 2016 13:49 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of November 1, 2016, M3 money supply made up AZN 20,122.6 million, up AZN 2,753.1 million or 15.9% from previous year.

 

Central Bank of Azerbaijan says compared to September, the money supply increased AZN 11.6 million or 0.1% in October 2016.

 

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

 

As of November 1, 2016, the M2 Board of money supply increased AZN 1,315.4 million or 14% to AZN 10,679,000,000 in comparison to a year earlier.

 

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