Bank Of Baku

Azerbaijan sees decline in monetary base

Azerbaijan sees decline in monetary base
# 03 December 2010 11:13 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, 2010 the national currency (manat) monetary base stood AZN 5 605.5 million, up 29.3% or AZN 1 268.4 million compared with December, 2009, said the Central Bank of Azerbaijan.

The monetary base decreased by 0.7% or AZN 40.7 mln in November, 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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