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.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.