Bank Of Baku

Azerbaijan sees 11% growth last year

Azerbaijan sees 11% growth last year
# 10 January 2014 15:03 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2014, the national currency (manat) monetary base stood AZN 11,641.9 mln, up 10.7% or 1,126.9 mln compared to previous year, said the Central Bank of Azerbaijan.

 

The monetary base increased by 7.9% or AZN 854.2 mln in December, 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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