Azerbaijani banks boost reserves considerably in 2014
Baku, Azerbaijan, Feb. 5
By Maksim Tsurkov - Trend:
The expanded monetary base in Azerbaijan totaled 11.866,9 billion AZN as of Jan. 1, 2015, according to a report from the Central Bank of Azerbaijan (CBA).
The official exchange rate as of Feb. 5 is 0.7844 AZN/USD.
In annual terms, the monetary base in Azerbaijan grew by 0.63 percent. For comparison, in late December 2014, this figure was 11.793,1 billion AZN.
As of Jan. 1, 2015, the monetary base in AZN amounted to 11.541,9 billion AZN versus 11.642 billion AZN on Jan. 1, 2014, according to the CBA.
In the mentioned period, the volume of money in circulation amounted to 10.845,9 billion AZN, while on Jan. 1, 2014 this figure was 11.033,3 billion AZN.
The ratio of the mass of cash in circulation to the monetary base was 91.4 percent as of Jan. 1, 2015, reducing by 2.2 percent versus the same indicator on Jan. 1, 2014.
Bank reserves stood at 1.013,1 billion AZN, or 35.2 percent more than late December 2014 (749.2 million AZN).
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