Azerbaijani banks almost triple their reserves
Baku, Azerbaijan Sept. 10
By Anvar Mammadov - Trend:
The bank reserves in Azerbaijan amounted to 2.17 billion manats as of Aug. 1, 2016, or 2.8 times more compared to late July 2015 (777.8 million manats), read a report issued by the
country's Central Bank (CBA).
Official exchange rate on Sep. 10 is 1.6403 AZN/USD.
The report said the extended monetary base in the country as of August 1, 2016, neared 8.62 billion manats, or 10.6 percent more compared to the same period 2015.