Baku, Azerbaijan, Jan. 5
By Maksim Tsurkov - Trend:
The expanded monetary base in Azerbaijan totalled 11,601.1 million AZN as of Dec. 1, 2014, according to a report from the Central Bank of Azerbaijan (CBA).
In annual terms, the monetary base in Azerbaijan grew by 6.5 percent. For comparison, in late November 2013, this figure was 10,895.6 million AZN.
According to the CBA, as of Dec. 1, 2014, the monetary base in AZN amounted to 11,519.7 million AZN versus 10,787.7 million AZN on Dec. 1, 2013.
In the mentioned period, the volume of money in circulation amounted to 10,955.7 million AZN, while on Dec. 1, 2013 this figure was 10,372.8 million AZN.
The ratio of the mass of cash in circulation to the monetary base was 94.4 percent as of Dec. 1, 2014, reducing by 0.8 percent versus the same indicator on Dec. 1, 2013.
Bank reserves stood at 627.7 million AZN, or 25.5 percent more than in late November 2013 (500.3 million AZN).
The official exchange rate as of Jan. 5 is 0.7844 AZN/USD.
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