Bank Of Baku

Azerbaijan sees 8% growth in cash in circulation

Azerbaijan sees 8% growth in cash in circulation
# 11 July 2016 08:46 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Volume of cash in circulation fell 12.41% or AZN 885.1 mln to AZN 6,244.3 mln year-on-year.

 

Central Bank of Azerbaijan told APA-Economics that the cash in circulation increased AZN 409.7 mln or 7.02% in May.

 

Generally, compared to early 2016, the cash in circulation rose AZN 827.5 mln or 15.28% in May.

 

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

 

Cash in circulation/money supply ratio makes 74.8%.

 

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