Azerbaijan sees 27% growth in monetary base year-on-year

Azerbaijan sees 27% growth in monetary base year-on-year
# 10 January 2013 14:13 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2013, the national currency (manat) monetary base stood AZN 10,515.0 mln, up 27.1% or 2,239.6 mln compared to previous year, said the Central Bank of Azerbaijan.

The monetary base increased by 12.5% or AZN 1,169.0 mln in December, 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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