Bank Of Baku

Azerbaijan sees decline in monetary base

Azerbaijan sees decline in monetary base
# 05 February 2014 13:16 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of February 1, 2014, the national currency (manat) monetary base stood AZN 11,037.5 mln, up 12.7% or 1,195.3 mln compared to previous year, told the Central Bank of Azerbaijan.

 

The monetary base decreased by 5.2% or AZN 604.4 mln in January, 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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