Azerbaijan's monetary base by AZN grew by 15 %

Azerbaijan's monetary base by AZN grew by 15 %
  • Clock-gray 11:57
  • calendar-gray 02 October 2019

On September 30 of the current year, monetary base by AZN amounted to AZN 10 217,3 mln. and this figure increased by AZN 59,7 mln. or 0,6 % during the last month, APA-Economics reports citing Central Bank of Azerbaijan.

Monetary base by AZN increased by AZN 671,6 mln. or 7 % compared to the beginning of the current year. This figure increased by AZN 1 345,8 mln. or 15,2 % compared to the same 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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