Money supply

Manat money supply has grown. But will loans become cheaper?

M2 grew by 19.6% year-on-year by the end of July. The CBA notes excess banking liquidity, but the September AZIR does not yet prove cheaper business loans.

Azerbaijan's M3 Money Supply Up 13.1% Year-on-Year

As of August 1, 2026, Azerbaijan's M3 money supply reached 53.925 billion manats, up 13.1% compared to the same period in 2025.

Russia's Monetary Base Grows 2.4% in July

Russia's broad monetary base increased by 729.2 billion rubles (2.4%) in July 2026 to 31.3 trillion rubles. Annual growth slowed to 9.0%.

Russia's Monetary Base Grows 0.74% in a Week

Russia's narrow monetary base reached 22,191.5 billion rubles as of August 7, up by 165.1 billion rubles over the week.

Azerbaijan's Money Supply Grows 9.2% Year-on-Year

Broad money supply (M3) in Azerbaijan reached 52.9 billion manats as of July 1, 2026, up 9.2% year-on-year.