BAKU, Azerbaijan, Jan. 24
By Nazrin Israfilova – Trend:
The monetary base in Azerbaijan grew in 2021, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, this indicator exceeded 19.7 billion manat ($11.6 billion), up by 4.7 billion manat ($2.7 billion), or 31.28 percent compared to 2020 and by 40 percent since January 2021 (14.1 billion manat or $8.3 billion).
The monetary base includes cash and free banking and required reserves of commercial banks in circulation.
(1 USD = 1.7 AZN on Jan. 24)