Bank Of Baku

Azerbaijan sees decline in monetary base

Azerbaijan sees decline in monetary base
# 06 February 2013 14:52 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. As of February 1, 2013, the national currency (manat) monetary base stood AZN 9,842.2 mln, up 29.5% or 2,240.7 mln compared to previous year, told the Central Bank of Azerbaijan.


The monetary base increased by 6.4% or AZN 672.8 mln in January, 2013.


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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