Bank Of Baku

Azerbaijan sees growth in monetary base

Azerbaijan sees growth in monetary base
# 03 March 2011 12:35 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of March 1, 2011 the national currency (manat) monetary base stood AZN 6 099.5 million, up 30.9% or AZN 1 411.4 million compared to March, 2010, said the Central Bank of Azerbaijan.

The monetary base increased by 2.3% or AZN 138.9 mln in February, 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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