Baku, Azerbaijan, Nov. 7
By Emin Aliyev - Trend: The monetary base in Azerbaijan showed a steady rise in January-September 2013 and as of October 1, the expanded monetary base amounted to 10.697.2 billion manat in the country, the Central Bank of Azerbaijan (CBA) said.
According to the CBA data, the monetary base increased by 13.8 per cent, compared to 9.399.7 billion manat during nine months of 2012.
According to the bank, the monetary base amounted to 10.615.9 billion manat by October 1, 2013, compared to 9.299.8 billion manat by October 1, 2012.
The volume of money in circulation amounted to 10.137.6 billion manat during the reported period, compared to 8.793.7 billion manat for October 1, 2012.
For its part, bank reserves amounted to 536.8 million manat, which is 9 per cent less than in September, 2012 (589.9 million manat).
The ratio of cash weight in circulation to the monetary base amounted to 94.8 per cent for October 1, 2013, compared to 93.6 per cent for October 1, 2012.
The official exchange rate on Nov.7 is 0.7843 AZN/USD.