Bank Of Baku

Azerbaijan sees 1% growth in October’s monetary base

Azerbaijan sees 1% growth in October’s monetary base
# 04 November 2013 08:54 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of November 1, 2013, the national currency (manat) monetary base stood AZN 10,732.2 mln, up 15.5% or 1,440.9 mln compared to previous year, told the Central Bank of Azerbaijan.

 

The monetary base increased by 1.1% or AZN 116.3 mln in October, 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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