Money supply in Azerbaijan as of 1 May was 16 billion 921.3 million manats
As of May 1, the money supply in Azerbaijan, including M3 (banknotes + deposits + time deposits of more than 100 million), cash, time deposits, demand deposits and deposits equal to 16 billion . 921.3 million manat.
According to the Central Bank, it is 0.87% higher than January 1, 2013. In April alone, the money supply increased by 0.34%.
In the money supply, the volume of cash in circulation (M0) amounted to 8 billion 983.9 million manat (minus 2.95% at the beginning of the year). Money supply M1 (cash, demand deposits and deposits) amounted to 11 billion 130.8 million manat (0.2%). M2 money supply (cash, demand deposits, time deposits and deposits in national currency) amounted to AZN 14 billion 21.9 million (1.56%).
Deposits in foreign currencies amounted to 2 billion 899.5 million manat (+2.34%). - 17D-
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- 31 May 2013 16:17
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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