Azerbaijan sees 28% rise in monetary base

Azerbaijan sees 28% rise in monetary base
# 04 September 2012 13:28 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of June 1, 2012, the national currency (manat) monetary base stood AZN 9,076.3 mln, up 27.5% or 1,957.0 mln compared to previous year, told the Central Bank of Azerbaijan.

The monetary base increased by 1.5% or AZN 136.1 mln in August, 2012.

Note that, the monetary base includes currency in circulation and reserves which commercial banks hold in their accounts with the central bank.
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