BAKU, Azerbaijan, Oct. 3
By Zeyni Jafarov - Trend:
The monetary base of Azerbaijan in national currency (manat) amounted to 12.2 billion manat ($7.17 billion) as of late September 2020, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to CBA, this figure increased by 322.6 million manat ($189.7 million) or 2.7 percent in August 2020.
The Central Bank said that the given indicator increased by 2 billion manat ($1.17 billion) or 19.7 percent compared to the same period of last year, and compared to the beginning of the year, this figure increased by 0.6 percent or 77.6 million manat ($45.6 billion).
The composition of the monetary base includes cash and free banking and required reserves of commercial banks in circulation.
(1 USD = 1.7 AZN on Oct. 3)
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