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

Monetary base by AZN  increased by 8% in Azerbaijan from the beginning of year
# 04 November 2019 11:38 (UTC +04:00)

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, APA-Economics 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).

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