Reserves of Azerbaijani banks increase
Baku, Azerbaijan, Sept. 9
By Anvar Mammadov – Trend:
As of August 1, 2017, bank reserves totaled 3.21 billion manats in Azerbaijan, increasing by 48 percent (2.17 billion manats) as compared to July 2016.
According to the Central Bank of Azerbaijan (CBA), as of late July 2017, the expanded monetary base amounted to 10.72 billion manats in the country (an increase by 24.3 percent as compared to the same period of 2016). This figure was 8.62 billion manats as of July 2016.
As of August 1, 2017, monetary base totaled 8.33 billion manats in Azerbaijan as compared to 7.64 billion manats in early August 2016.
During the period, the amount of cash in circulation was 7.48 billion manats, while this figure was 6.44 billion manats as of August 1, 2016.
The ratio of cash in circulation to monetary base as of August 1, 2017 amounted to 69.8 percent, decreasing by 0.1 percentage points compared to late July 2016.