Volume of money in circulation in Azerbaijan reaches $ 13 billion
Azerbaijan, Baku, October 3 /Trend, E.Aliyev/
The monetary base in Azerbajan showed a steady rise in January-August 2013 and as of September 1, the expanded monetary base amounted to 10688.8 million manat in the country, according to a statistical report provided by the Central Bank of Azerbaijan on Thursday.
According to the data provided by the bank, the monetary base increased by 16.24 per cent, compared to 9195.7 million manat during eight months of 2012.
According to the bank, the monetary base amounted to 10616.8 million manat by September 1, 2013, compared to 9076.4 million manat by September 1, 2012.
The volume of money in circulation amounted to 10105.2 million manat during the reported period, compared to 8617.5 million manat for September 1, 2012.
For its part, bank reserves amounted to 516 million manat, which is 7.94 per cent less than in August, 2012 (560.5 million manat).
The ratio of cash weight in circulation to the monetary base amounted to 94.5 per cent for September 1, 2013, compared to 93.7 per cent for September 1, 2012.
The official exchange rate for October 3 is 0.7845 AZN/USD.