Azerbaijan sees growth in March’s monetary base

Azerbaijan sees growth in March’s monetary base
# 05 April 2013 15:09 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2013, the national currency (manat) monetary base stood AZN 10,195.1 mln, up 22.1% or 1,847.4 mln compared to previous year, told the Central Bank of Azerbaijan.

The monetary base increased by 1.5% or AZN 153.0 mln in March, 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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