Bank Of Baku

Azerbaijan sees decline in monetary base in October

Azerbaijan sees decline in monetary base in October
# 05 November 2012 13:11 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of November 1, 2012, the national currency (manat) monetary base stood AZN 9,291.3 mln, up 29.2% or 2,101.5 mln compared to previous year, told the Central Bank of Azerbaijan.

The monetary base decreased by 0.1% or AZN 8.5 mln in October, 2012. In general, monetary base has increased by 12.3% or AZN 1,015.9 mln since early 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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