Monetary Base In Azerbaijan Slightly Increases| MENAFN.COM

Thursday, 06 October 2022 01:52 GMT

Monetary Base In Azerbaijan Slightly Increases


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, August 1 . The monetary base in Azerbaijan amounted to 16.12 billion manat ($948.7 billion), which is higher by 2.99 percent compared to previous month as of July, 2022 , Trend reports via Central Bank of Azerbaijan.

According to the CBA, on an annualized basis the monetary base has increased by 13.42 percent or 1.907 billion manat ($1.122 billion). The monetary base in July 2021 amounted to 14.213 billion manat ($8.365 billion).

The monetary base includes cash, free and obligatory reserves of commercial banks that are in circulation.

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