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Central Bank's note issuance volume shrinks by almost 7 times

22 January 2025 10:36 (UTC +04:00)

The volume of notes issued by the Central Bank of Azerbaijan (CBA) decreased by 6.5 times last year, APA-Economics reports citing Central Bank of Azerbaijan (CBA).

It was noted that monetary policy instruments are applied taking into account the processes taking place in financial markets and changes in the liquidity position of the banking system. Considering the impact of changes in government account balances on liquidity in the banking system, the CBA has sharply reduced the amount of sterilization operations in 2024. The volume of notes issued by the Central Bank of Azerbaijan (CBA) decreased by 6.5 times last year. In December 2024, the execution of budget expenditures led to a 1.7% increase in the monetary base. This caused the average daily 1D AZIR index to fall by 1.29 percentage points in January compared to December, to 6.39%. Activity continues in the unsecured market. The average daily volume of transactions in the unsecured money market was AZN 627.3 million in December 2024, and AZN 290 million in the first half of January of this year.