Azerbaijan sees growth in monetary base

Azerbaijan sees growth in monetary base
# 07 January 2011 11:06 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of January 1, 2010 the national currency (manat) monetary base stood AZN 6 397.1 million, up 31.6% or AZN 1 536.1 million compared to January, 2009, said the Central Bank of Azerbaijan.

The monetary base increased by 14.1% or AZN 791.6 mln in December, 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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