Bank Of Baku

Azerbaijan sees 29% growth in monetary base

Azerbaijan sees 29% growth in monetary base
# 20 September 2010 14:55 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of September 1, 2010 the national currency (manat) monetary base stood AZN 5 373.5 million, up 28.8% or AZN 1 201.5 million compared with August, 2009, said the Central Bank of Azerbaijan.

The monetary base rose by 1.4% or AZN 74.1 mln in August, 2010.

The monetary base includes currency in circulation and reserves which commercial banks hold in their accounts with the central bank.
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