Bank Of Baku

Azerbaijan sees 1% growth in cash in circulation

Azerbaijan sees 1% growth in cash in circulation
# 08 August 2016 13:52 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Volume of cash in circulation fell 10.97% or AZN 777.4 million to AZN 7,084.4 million year-on-year.

 

Central Bank of Azerbaijan told APA-Economics that the cash in circulation increased AZN 62.7 million or 1% in June.

 

Generally, compared to early 2016, the cash in circulation rose AZN 890.2 million or 16.43% in June.

 

This process has started since August 2014. Since that time, the cash in circulation increased only in May 2015.

 

Cash in circulation/money supply ratio makes 75.6%.

 

 

 

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