Bank Of Baku

Cash turnover coefficient decreases in Azerbaijan

Cash turnover coefficient decreases in Azerbaijan
# 04 February 2011 10:58 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of January 1, 2011, cash turnover coefficient made 7.6, in Azerbaijan, down 0.7 point from year ago, 1.6 point compared to 2008.

Cash turnover coefficient is accounted as produced GDP/cash money in national currency and indicates a monetary unit how it circulates in economy and accounting, during the same period.

According to world practice the acceptable cash turnover coefficient is 4-5.
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