OREANDA-NEWS. October 5, 2009. In January to August, 2009, the Central Bank of Azerbaijan (CBA)  registered reduction of money mass (M2) by AZN 747.5 million (12.3%) with its year-on-year drop of AZN 31.6 million (0.6%). In December, 2008, growth made AZN 568.2 million (10.3%) and over 2008 – AZN 1.985 bn (48.5%).

CBA reports that as of 1st September M2 index totaled AZN 5.3 bn versus AZN 5.09 bn by 1st August, 4.87 bn by 1st July, AZN 4.811 bn by 1st June, AZN 4.732 bn by 1st May, AZN 4.74 bn by 1st April, AZN 5.26 bn by 1st March, AZN 5.59 bn by 1st February, AZN 6.08 bn by 1st January of 2009 and AZN 5.365 bn by 1st September, 2008.

In January to August, 2009, cash money mass (M0) declined by 12% (AZN 493.8 million) with year-on-year rise of 2.9% (AZN 103.3 million).

As of 1st September, M0 index reached AZN 3.65 bn versus AZN 3.657 bn by 1st August, AZN 3.486 bn by 1st July, AZN 3.396 bn by 1st June, AZN 3.297 bn by 1st May, AZN 3.304 bn by 1st April, AZN 3.666 bn by 1st March, AZN 3.896 bn by 1st February 2009, AZN 4.145 bn by 1st January 2009 and AZN 3.548 bn by 1st September, 2008.

Broad money supply (M3) totaled AZN 7.569 bn by 1st September versus AZN 7.58 million by 1st August,  AZN  6.69 bn by 1st July, AZN 6.612 bn by 1st June, AZN 6.502 bn by 1st May, AZN 6.397 bn by 1st April, AZN 7.328 bn by 1st March, AZN 8.009 bn by 1st February, AZN 8.49 bn by 1st January, 2009 and AZN 7.636 bn by 1st September, 2008, while transaction money AZN made up AZN 4.5 bn versus 4.365 bn AZN 4.198 bn, AZN 4.15 bn, AZN 4.109 bn, AZN 4.08 bn, AZN 4.528 bn, AZN 4.727 bn, AZN 5.145 bn and AZN 4.46 bn respectively.