Bank Of Baku

Azerbaijan sees growth in May’s monetary base

Azerbaijan sees growth in May’s monetary base
# 06 June 2013 12:10 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of June 1, 2012, the national currency (manat) monetary base stood AZN 10,113.3 mln, up 20.8% or 1,740.2 mln compared to previous year, told the Central Bank of Azerbaijan.

 

The monetary base increased by 0.2% or AZN 19.1 mln in May, 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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