Bank Of Baku

Azerbaijan sees 2.4% decline in monetary base since early 2011

Azerbaijan sees 2.4% decline in monetary base since early 2011
# 02 June 2011 11:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of June 1, 2011 the national currency (manat) monetary base stood AZN 6,244.9 million, up 24.6% or AZN 1, 232.3 million compared to June, 2010, said the Central Bank of Azerbaijan.

The monetary base has decreased by 2.4% or AZN 152.2 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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