By the end of 2012, the M2 money supply, that is the currency in circulation outside banks and balances in the domestic currency on accounts of non-financial and financial organisations, excluding credit organisations and individuals, increased by 25.54 per cent compared to 2011. This is stated in a statistical report by the Central Bank of Azerbaijan (CBA).
This means that last year the M2 figure was 13.806 billion manat versus 10.997 billion manat in 2011.
The indicator of cash currency in circulation (M0) was 9.256 billion manat compared to 7.158 billion manat in 2011.
Broad money supply (M3) in 2012 amounted to 16.775 billion manat, or 20.66 per cent more than in 2011 (13.903 billion manat).
Transaction money (M1) in 2012 amounted to 11.107 billion manat compared to 8.824 billion manat in 2011./Trend/