Bank Of Baku

Azerbaijan sees 35% growth in monetary base

Azerbaijan sees 35% growth in monetary base
# 03 November 2010 11:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of November 1, 2010 the national currency (manat) monetary base stood AZN 5 646.3 million, up 34% or AZN 1 452.8 million compared with October, 2009, said the Central Bank of Azerbaijan.

The monetary base rose by 2.6% or AZN 141.7 mln in October, 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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