Bank Of Baku

Azerbaijan sees growth in August’s monetary base

Azerbaijan sees growth in August’s monetary base
# 05 September 2013 11:19 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of September 1, 2013, the national currency (manat) monetary base stood at AZN 10,616.8 mln, up 17.0% or 1,540.5 mln compared to previous year, told the Central Bank of Azerbaijan.

 

The monetary base increased by 1.8% or AZN 189.2 mln in August, 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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