BAKU, Azerbaijan, Oct.1
By Sadraddin Aghjayev - Trend:
The monetary base in Azerbaijan increased as of late September 2021, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, this indicator amounted to nearly 14.5 billion manat ($8.5 billion), up by 333.4 million manat ($196.1 billion), or 2.3 percent compared to September 1 this year.
Besides, the monetary base of the country was 6.9 percent and 18.55 percent more than in early 2021 and late September 2020, respectively.
The CBA's monetary policy tools have been 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 was observed.
The monetary base includes cash and free banking and required reserves of commercial banks in circulation.
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