Bank Of Baku

Azerbaijan sees decline in April’s monetary base

Azerbaijan sees decline in April’s monetary base
# 03 May 2013 13:16 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. As of May 1, 2013, the national currency (manat) monetary base stood AZN 10,094.2 mln, up 23.9% or 1,948.3 mln compared to previous year, told the Central Bank of Azerbaijan.

 

The monetary base decreased by 1.0% or AZN 100.9 mln in April.

 

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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