Azerbaijan's monetary base increases for 11M2021

Finance Materials 2 December 2021 14:01 (UTC +04:00)
Azerbaijan's monetary base increases for 11M2021

BAKU, Azerbaijan, Dec. 2

By Nazrin Israfilova - Trend:

The monetary base in Azerbaijan grew as of December 1 from early 2021, Trend reports with reference to the Central Bank of Azerbaijan (CBA).

According to the CBA, this indicator amounted to over 14.2 billion manat ($8.4 billion), up by 5.27 percent, reaching 14.2 billion manat ($8.4 billion).

At the same time, the country’s monetary base rose by 20.9 percent on annual basis and lowered by 342.1 million manat or $201.2 million (2.4 percent) in monthly terms.

The CBA's monetary policy tools were implemented within the interest rate corridor. At the auctions, organized by the Central Bank for the placement of deposits and short-term notes, there is an excess of demand oversupply.

The monetary base includes cash and free banking and mandatory reserves of commercial banks in circulation.