Bank Of Baku

Azerbaijan sees decline in February’s monetary base

Azerbaijan sees decline in February’s monetary base
# 04 March 2014 12:37 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of March 1, 2014, the national currency (manat) monetary base stood at AZN 11,136.0 mln, up 10.9% or 1,093.9 mln compared to previous year, told the Central Bank of Azerbaijan.

 

The monetary base decreased by 4.3% or AZN 505.9 mln in January-February, 2014.

 

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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