Azerbaijan, Baku, August 6 /Trend/
The monetary base in Azerbajan showed a steady rise in the first six months of 2013 and as of July 1, the expanded monetary base amounted to 10329.9 million manat in the country, according to a statistical report provided by the Central Bank of Azerbaijan.
According to the data provided by the bank, the monetary base increased by 18.3 per cent during 2013, compared to 8730.4 milion manat during six months of 2012.
According to the bank, the monetary base amounted to 10265.2 million manat by July 1, 2013, compared to 8654.4 million manat by July 1, 2012.
The volume of money in circulation amounted to 9765.2 million manat during the reported period, compared to 8183.9 million manat for July 1, 2012.
For its part, bank reserves amounted to 539.3 million manat, which is 2.2 per cent more than in June, 2012 (527.8 milion manat).
The ratio of cash weight in circulation to the monetary base amounted to 94.5 per cent for July 1, 2013, compared to 93.7 per cent for July 1, 2012.
The official exchange rate for August 6 is 0.7844 AZN/USD.