Azerbaijan sees growth in October’s monetary base

Azerbaijan sees growth in October’s monetary base
# 06 December 2012 12:11 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of December 1, 2012, the national currency (manat) monetary base stood AZN 9,346.0 mln, up 26.0% or 1,928.6 mln compared to previous year, told the Central Bank of Azerbaijan.

The monetary base increased by 0.6% or AZN 54.7 mln in November, 2012. In general, monetary base has increased by 12.9% or AZN 1,070.6 mln since early 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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