Bank Of Baku

Azerbaijan sees growth in June’s monetary base

 Azerbaijan sees growth in June’s monetary base
# 03 July 2013 13:29 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, the national currency (manat) monetary base stood AZN 10,265.2 mln, up 18.6% or 1,610.8 mln compared to previous year, told the Central Bank of Azerbaijan.

 

The monetary base increased by 1.5% or AZN 151.97 mln in June, 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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