(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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