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Azerbaijan’s monetary reserves drop by 12.8%

Business Materials 30 December 2005 12:29 (UTC +04:00)

As of 1 December 2005 Azerbaijan’s monetary reserves dropped by 534,6bn manats (-12.8%) as compared 1 January 2005. Monetary mass grew by 5.4bn manats (0.2%) over this period.

According to the National Bank of Azerbaijan, as of 1 December 2005 monetary reserves comprised 3633,5 bn manats against 3851,8bn manats as compared 1 November 2005, 4168,1bn manats - early 2005, 3201,6bn manats - 1 December 2004, while monetary reserves in manats made up 3205,6 bn manats against 3429 bn manats as compared 1 November 2005, 3200,2 bn manats - early 2005, 2860,9 bn manats - 1 December 2004.

As of 1 December 2005 banking reserves comprised 658,4 bn manats against 669,9bn manats as compared 1 November, 1537 bn manats - early 2005, 758,7bn manats - 1 December 2004, remains of banking fund on correspondent accounts made up 240,1 bn manats against 253,8bn manats as of 1 November, 1091,1 bn manats - early 2005, 333bn manats - 1 December 2004, required reserves - 418,3bn manats against 416,1bn manats, 445,9bn manats and 425,7bn manats.

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