Bank Of Baku

Azerbaijan sees rise in monetary base

Azerbaijan sees rise in monetary base
# 03 June 2015 13:00 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. After 4-month decline, the monetary base rose AZN 178.7 mln or 2.41% to AZN 7,597.3 mln in May 2015, said the Central Bank of Azerbaijan.

 

The monetary base made AZN 7,418.6 mln in April 2015.

 

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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