Azerbaijan sees rise in money supply

Azerbaijan sees rise in money supply
# 08 December 2017 13:35 (UTC +04:00)

As of November 1, 2017, M3 money supply made up AZN 21,449.6 million, up AZN 1,237,000,000 or 6.6% from previous year.

 

Central Bank of Azerbaijan says compared to September, the money supply decreased AZN 315.9 million or 1.5% in October.

 

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

 

As of November 1, 2017, the M2 Board of money supply stood at AZN 11,546,700,000, up AZN 867,700,000 or 8.13% in comparison to a year earlier.

 

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