Cash money supply increases by 12 times during past 7 years in Azerbaijan

Cash money supply increases by 12 times during past 7 years in Azerbaijan
# 23 July 2012 13:09 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Cash money supply increased by 12 times during past 7 years in Azerbaijan.

According to Deputy-Chief of Cash Money Department of Central Bank of Azerbaijan Hajibaba Masimov, the cash money supply exceeded AZN 7 bln, while it was AZN 600 mln 7 year earlier. Annual average growth rate makes 15-20%. In Europe, this index is 10-12%.
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