No cash deficiency registered in Azerbaijan deputy chairman of National Bank

Business Materials 24 June 2006 11:30 (UTC +04:00)

National Bank of Azerbaijan (NBA) does not confirm cash deficiency in the country. В"National Bank printed bank notes for three years to date and puts new notes in circulation with old ones. 65% of new generation notes are currently in circulation and old are replaced steadilyВ", - said Alim Guliyev, first deputy chairman of NBA.

A day or two ago, a session was held in the Cabinet of Ministers under the chairmanship of Prime Minister Artur Rasizadeh with discussion of macroeconomic situation in the country and effect of currency incomes on cash circulation. Guliyev said cash circulation exceeds the forecasts due to implementation of oil projects.