Baku, Azerbaijan, Feb. 5
By Anvar Mammadov – Trend:
As of Jan. 1, 2018, bank reserves in Azerbaijan amounted to 1.7 billion manats - that is by 24.9 percent less than in late December 2016.
In early 2017, the figure stood at 2.26 billion manats.
According to a report of the Central Bank of Azerbaijan, as of late December 2017, expanded monetary base amounted to 9.87 billion manats (an increase of 6.9 percent as compared to the same period of 2016) in the country.
This indicator stood at 9.23 billion manats in late December 2016.
The report says that as of January 1, 2018, the monetary base totaled 8.54 billion manats as compared to 7.86 billion manats in early January 2017.
During the period, the amount of cash in circulation was 8.14 billion manats, while this figure stood at 6.96 billion manats as of January 1, 2017.
The ratio of cash in circulation to monetary base as of January 1, 2018 stood at 82.5 percent, increasing by 7.1 percentage points as compared to late December 2016.
(1.7001 AZN = 1 USD on Feb. 5)