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NBA Announced Increase in Amount of Reserve Money in 2006

Business Materials 29 January 2007 18:17

Compared with the beginning of 2006, to the end of the year, the money base (reserve money in an extended interpretation) increased on 1158,8 mln. AZN or in 2,3 times and reached 2044,6 mln. AZN. As Trend has been informed in the National bank of Azerbaijan, the money supply in AZN increased on 911,7 mln. AZn or on 2,3 times and reached 1599,5 mln. AZN.

Reserve Money and Their Structure Elements in mln. AZN):

January 1, 2006

January 1, 2007

1. Reserve Money (3+4+7)

885.8

2044.6

2. Reserve Money in AZN (3+5.1+6.1+7)

687.8

1599.5

3. Money Supply in Circulation

594.1

1449.3

4.Banking Reserves (5+6)

291.7

594.9

5. Correspondent Accounts (5.1+5.2)

5.1. in AZN

5.2. in other Currencies

207.9

93.7

114.2

594.9

149.9

445

6. Obligatory Reserves (6.1+6.2)

6.1. in AZN

6.2. in other Currencies

83.9

0

83.9

0

0

0

7. Other Deposits

0

0.4

The calculations of the effect season factors show that the money base in December, 2006, which was off the season factors, increased in 2,3 times as compared with the beginning of the year, 3% to December, 2005. To the beginning of the last year, the pure (real) international assets increased on 1140,5 mln. AZN, and pure domestic ones вЂ" on 18,3 mln. AZN.
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