Azerbaijan sees rise in money supply last year

Azerbaijan sees rise in money supply last year
# 02 February 2018 15:01 (UTC +04:00)

As of January 1, 2018, M3 money supply made up AZN 22,772.1 million, up AZN 1,882,500,000 or 9.01% from previous year.

 

Central Bank of Azerbaijan says compared to November, the money supply increased AZN 1,254,200,000 or 5.83% in December.

 

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

 

As of January 1, 2018, the M2 Board of money supply stood at AZN 12,466,400,000, up AZN 920,100,000 or 8% in comparison to a year earlier.

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