Monetary base by AZN increased by 8% in Azerbaijan from the beginning of year
  • ECONOMY

  • 12:23 04 November 2019

Monetary base by AZN increased by 8% in Azerbaijan from the beginning of year

As of October 31 of this year monetary base by AZN amounted to AZN 10 298,8 mln, this indicator increased AZN 81,5 mln or by 0,8% during the last month, ONA reports citing Central Bank of Azerbaijan.

Monetary base by AZN has increased by AZN 753,1 mln or 7,9% in comparison to the beginning of the current year. This figure has increased by 12,5% or AZN 1 145,5 mln. In comparison to the related period of the previous year.

Note that the monetary base includes cash and bank reserves (free banks and mandatory reserves of commercial banks).

Nijat Mustafayev

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