Bank Of Baku

Azerbaijan sees decline in monetary base

Azerbaijan sees decline in monetary base
# 03 February 2011 11:09 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of February 1, 2010 the national currency (manat) monetary base stood AZN 5 960.6 million, down 30.7% or AZN 1 401.5 million compared to February, 2010, said the Central Bank of Azerbaijan.

The monetary base decreased by 6.8% or AZN 436.5 mln in January, 2011.

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