Bank reserves slightly increase in Azerbaijan

Business Materials 5 March 2015 16:50 (UTC +04:00)

Baku, Azerbaijan, March 5

By Azad Hasanli - Trend:

The expanded monetary base in Azerbaijan totaled 10.760 billion manat as of Feb. 1, 2015, according to a report from the Central Bank of Azerbaijan (CBA).

In annual terms, the monetary base in Azerbaijan decreased by 3.43 percent. For comparison, as of January 2014, this figure was 11.143 billion manat.

As of Feb. 1, 2015, the monetary base in manat amounted to 10.551 billion manat versus 11.038 billion manat on Feb. 1, 2014, according to the CBA.

In the mentioned period, the volume of money in circulation amounted to 10.145 billion manat, while on Feb. 1, 2014 this figure was 10.530 billion manat.

The ratio of the mass of cash in circulation to the monetary base was 94.3 percent as of Feb. 1, 2015, reducing by 0.2 percent versus the same index as of Feb. 1, 2014.

Bank reserves stood at 604.5 million manat, or 1.02 percent more than as of Jan. 2014 (598.4 million manat).

The official exchange rate is 1.0494 AZN / USD as of March 5.


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