Azerbaijan sees 28% growth in monetary base

Azerbaijan sees 28% growth in monetary base
# 07 April 2011 09:05 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of April 1, 2011 the national currency (manat) monetary base stood AZN 6,269 million, up 27.9% or AZN 1, 367 million compared to April, 2010, said the Central Bank of Azerbaijan.

The monetary base has decreased by 2% or AZN 138.9 mln since early 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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