Manat money stock contracts in Azerbaijan

Manat money stock contracts in Azerbaijan
# 21 May 2009 15:53 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of May 1, the national currency (manat) monetary base stood AZN 3 679.6 million, up 11.8% or AZN 388.4 million from a year ago, said the Central Bank of Azerbaijan.

However, manat money stock declined by 23% or AZN 1 101.7 million during January-April.

The monetary base (i.e. the reserve money) includes currency in circulation and reserves which commercial banks hold in their accounts with the central bank.

Cash money supply decreased by AZN 841.6 million during the first quarter.
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