Azerbaijan records growth in monetary base
BAKU, Azerbaijan, Jan.6
By Zeyni Jafarov - Trend:
The monetary base in Azerbaijan as of early January 2021 has made up over 13.5 billion manat ($7.9 billion), Trend reports on Jan.6 referring to the Central Bank of the country (CBA).
According to the CBA, compared to Dec.2020 the monetary base grew by 1.76 billion manat ($1.04 billion) or 14.9 percent, and in annual terms - by 1.4 billion manat ($830 million) or 11.6 percent.
The regulator's monetary policy instruments were implemented within the interest rate corridor. At the auctions organized by the Central Bank for the placement of deposits and short-term notes, an excess of demand over supply hasn’t been recorded.
The monetary base involves cash and free banking and required reserves of commercial banks in circulation.
(1 USD = 1.7 AZN on Jan.6)