Bank Of Baku

Azerbaijan sees decline in September’s monetary base

Azerbaijan sees decline in September’s monetary base
# 03 October 2013 13:22 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, the national currency (manat) monetary base stood AZN 10,615.9 mln, up 14.3% or 1,324.6 mln compared to previous year, said the Central Bank of Azerbaijan.

 

The monetary base decreased by 0.01% or AZN 0.9 mln in September, 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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