Bank Of Baku

Azerbaijan sees 29% growth in monetary base

Azerbaijan sees 29% growth in monetary base
# 03 October 2012 13:36 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, 2012 the national currency (manat) monetary base stood AZN 9,299.8 million, up 29.0% or AZN 2,093.3 million compared to October, 2011, said the Central Bank of Azerbaijan.

The monetary base has increased by 2.5% or AZN 223.5 mln in September. Totally, it has increased by 12.4% or AZN 1,024.4 mln since early 2012.

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