2 Nov 2012 16:04

Azerbaijan's money supply up 10% in 9mths

BAKU. Nov 2 (Interfax) - Azerbaijan's M3 money supply in wide definition (cash, term deposits, on-demand deposits) came to 15.343 billion manat (0.7849 manat/$1 on November 2, 2012) at the end of January-September 2012, up 10.4% for that period, the Central Bank of Azerbaijan told Interfax.

The country's money supply went up by 2.3% in September.

Total cash in circulation (M0 money supply) came to 8.315 billion manat on October 1, 2012, up 16.2% since the start of the year. M1 money supply (cash, on-demand deposits) came to 10.0536 billion manat (up 13.9%), and M2 (cash, on-demand deposits, term deposits and deposits in manat) - 12.402 billion manat (up 12.8%).